Nikkei 225 advanced on easing speculation

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Source: Dukascopy Bank SA

Japanese stocks rallied on Tuesday on speculation that central banks around the world will provide additional monetary stimulus to boost economy. Investors also continued to await an outcome of the Bank of Japan's meeting due on Thursday. Nikkei 225 soared by 0.88% to 8,803.31. All sectors included in Nikkei 225 advanced. The strongest gains posted utilities and oil and gas companies. Chubu Electric Power and Kansai Electric Power rose 9.15% and 10.43%. Meanwhile, Inpex and JX Holdings climbed 2.24% and 1.83%. Maruha Nichiro Holdings surged 8.17%, approaching three-month high. The seafood producer announced it plans to buy back 3.3% of its shares. At the same time, the top-loser was Tokai Carbon, which sank 18.13% after the company reduced its full-year earnings forecast.

 

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Tue, 07 Aug 2012 13:00:10 GMT

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