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Nikkei rises to seven-year high on weaker yen

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Capital Market
Japanese share market finished the session at highest level in nearly seven-years on Friday, 19 September 2014, as risk sentiment was boosted by Prime Minister Shinzo Abe pledging to undertake pension fund reform and as the yen weakened to lower 109-level against the US dollar. The benchmark Nikkei rose 1.58%, or 253.60 points, to finish at 16321.17, its best finish since November 2007, while the Topix index of all first-section shares jumped 1.06%, or 14 points, to 1331.91. The index added 0.7% this week to end at its highest level since November 2007.

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First Published: Sep 19 2014 | 4:18 PM IST

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