Japanese shares gain on weakening Yen

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Source: Dukascopy Bank SA
Japanese stocks extended their gains for a second day on Chinese better-than-expected trade data and weakening Yen, as the Prime Minister Shinzo Abe pushed for higher inflation target. The Nikkei 225 advanced 0.7% to 10,652.64. All but two sectors in the index edged higher. The sectors that gained the most were basic materials, health care and consumer goods by adding 1.68%, 1.47% and 1.32%, respectively. Toyobo Ltd was the best performing company in the gauge and surged 11.9% to 141 yen, adding to gains in the consumer goods sector. Furthermore Motor Corporation gained 10.2% to 195 yen, also supporting the consumer goods sector. Alongside to that, Konami Corporation dropped the most in the index by 4.6% to 1,756 yen, capping further increase in the technology sector that was 0.63% up. Yesterday's top performer Tokyo Dome Corporation slid 0.6%, pacing losses in the consumer sefvices sector that erased 0.65%.


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