Nikkei 225 edged up on China's easing hopes

Source: Dukascopy Bank SA

Japanese equities erased some of the previous losses on speculation that China will ease its monetary policy further after its GDP growth sowed to three-year low in Q2. Nikkei 225 added 0.5% to end the week at 8,724.12, being notably supported by property developers. Komatsu and Hitachi Construction rose 1.38% and 1.43%. Meanwhile,  Dentsu, Japan's largest marketing company, weakened by 6.98% after reporting that the firm plans to buy Aegis for USD5 billion. Investors consider the deal could be too expensive.  Financial institutions moved lower on absence of extra growth-boosting measures from BoJ. Aozora Bank and Sumitomo Mitsui Trust Holdings sank 1.1% and 0.75%.

 

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