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Tokyo: Nikkei posts 5 straight days of gains; market awaits fresh trading cues

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[TOKYO] Japanese stocks posted a modest rise in choppy trade on Tuesday to mark a fifth consecutive day of gains as investors waited for fresh trading cues.

The Nikkei share average ended 0.2 per cent higher at 19,924.89.

Market participants said trade would remain tepid throughout the week, with US markets subdued ahead of Thursday's Thanksgiving holiday.

They noted the market was waiting for Prime Minister Shinzo Abe's cabinet to approve the outline of next year's budget on Dec 1. A supplementary budget for the current fiscal year is also planned.

The broader Topix rose 0.2 per cent to 1,605.94 and the JPX-Nikkei Index 400 also gained 0.2 per cent to 14,482.06.

REUTERS

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