Nikkei 225

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Japanese shares edged higher sending the Nikkei 225 Stock Average to its highest level since March 2011, as depreciating Yen supported exporters' earnings outlook. The national currency tumbled prior to BOJ's Deputy Governor Kiyoko Nishimura's speech today in San Diego on speculation the national bank will add stimulus to beat deflation. The Nikkei 225 index advanced 2.8% to 10,688.11 at its close in Tokyo, rising the most since the year 2002. All sectors in the index increased. Tokuyama Corporation shares jumped 9%, pacing gains in the basic materials sector that advanced 3.3%. Furthermore, financials stocks advanced 3.5%, supported by Shinsei Bank that gained 8.8%. Meanwhile, among worst performers was Sharp Corporation losing 2.6% to 295 yen and halting further increase in the best performing consumer goods group that added 3.74%. The television maker tumbled after the Yomiuri newspaper wrote that Sharp may raise 100 billion yen, as the company was searching to increase its capital.


© Dukascopy Bank SA

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