Nikkei extends gains on Wednesday

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Source: Dukascopy Bank
Japan's Nikkei Stock Average climbed on Wednesday, lifted by unexpected surge in German investor confidence and extending gains from China's GDP announcement. Nikkei 225 Index advanced 0.99% or 84.18 points and finished at 8,550.58 led by Tokyo Electric Power Co. which rocketed 7.8%, after the company said it will increase electricity prices for corporate clients in April. On the downside were Japanese carmakers. After successful previous session Mazda Motor Corp. lost 2.4% and Suzuki Motor Corp. dropped 1.3%.

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