Japanese shares climb on Greek deal

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Source: Dukascopy Bank SA
© Scanpix/AP
Japanese shares advanced on Tuesday on optimism over the Eurozone. Eurozone's finance ministers and the IMF agreed on releasing the next Greek bailout installment to keep the country afloat. Moreover, Japan's stocks found support on mounting hopes that opposition party, which is in favor of more aggressive monetary measures, will win next month election. The Nikkei 225 Index climbed 0.37% to close at 9,423.30. Five out of ten sectors within the index jumped. The top-performers were telecommunications and consumer services. KDDI and Nippon Telegraph & Telephone rose 1.66% and 1.63%, while Dai Nippon Printing and Secom both jumped 0.97%. Meanwhile, Toyobo was the top-gainer, soaring 4.72% after Daiwa Securities lifted the firm's rating from neutral to buy, citing high potential of its life science business. Meanwhile, Kansai Electric Power surged 2.65% after applying to the government for approval of a hike in household electricity rates. At the same time, technology sector was the top-loser, with Mitsubishi Electric and Yaskawa Electric plunging 3.04% and 2.18%.
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