Japanese shares gain on better Chinese manufacturing data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Japanese shares rose on Monday amid improved manufacturing numbers in China and weak Yen. However, capital spending by Japan's businesses dipped more-than-expected in Q3, capping gains of Nikkei stock average.  Moreover, disappointing consumer spending reading in the US last week added pressure on Japanese equities. The Nikkei 225 Index climbed 0.13% to end the session at 9,458.18. Only four in ten sectors within the index climbed. Consumer services and financials gained the most. Tokyo Dome advanced 0.38%. Meanwhile, Mitsubishi UFJ Financial Group and Sumitomo Mitsui inched up 0.53% and 0.23% on news that the banks will focus on overseas lending due to falling capital needs in the country. Sending the stock index lower, telecommunications and utilities slumped 2.03% and 1.18%. KDDI and Nippon Telegraph & Telephone slid 0.33% and 1.09%, while Chubu Electric Power and Kansai Electric Power sagged 3.59% and 6.51%.


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