Japanese equities rallied after previous slump

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Source: Dukascopy Bank SA
© Scanpix/AP
Japanese shares rallied after previous slump.  On Tuesday,  stocks plunged as the BoJ did not launch more aggressive easing measures. Boosting the market sentiment, corporate results for Q3 were not as dismal as expected. The Nikkei 225 Index gained 0.98% to end the session at 8,928.29. All sectors within the index moved higher. The biggest gains posted oil and gas firms as well as utility companies. Inpex and JX Holdings climbed 1.68% and 4.17% while Osaka Gas and Kansai Electric Power added 1.24% and 0.49%. Meanwhile, Komatsu and Hitachi rose 3.21% and 3.17% after both companies left their full-year profit target unchanged. The top-performer was Fuji Heavy Industries, soaring 6.68%. The firm attained 11-year high after raising its forecast for annual operating profit by 22%. Softbank Corp inched up 0.76% while Panasonic climbed 4.47% ahead of quarterly reports due after the closing bell. At the same time, Ricoh sagged 3.05% as the firm missed its interim operating profit target.


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