Japanese shares climbed on China's GDP data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Japanese shares skyrocketed on Thursday after China's GDP numbers convinced investors that China's economy is growing at an expected pace. Upbeat US housing data also prompted traders to turn to riskier assets. Moreover, the Yen continued to depreciate, thus lifting exporters. The Nikkei 225 Index soared 2.07% to end the session at 8,988.75. Nine out of ten sectors within the index posted strong gains. The best-performers were technology companies and industrials. Alps Electric, Canon and Kyocera climbed 8.19%, 3.19% and 2.18%, respectively. Meanwhile, Amada and Daikin Industries added 4.50% and 4.28%. Financials also climbed, with Chiba Bank and Bank of Yokohama advancing 1.32% and 0.82%. The only loser was telecommunication sector, with Softbank slumping 0.99%.

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