You are here

Tokyo: Nikkei snaps 4-day losing run on upbeat data, weaker yen

Thursday, June 1, 2017 - 14:35

42603087 - 18_05_2017 - JAPNA-STOCKS-MARKETS.jpg

[TOKYO] Japan's Nikkei share average gained on Thursday, snapping a four-day losing run, lifted by upbeat domestic data and a weaker yen.

The Nikkei rose 1.1 per cent to 19,860.03.

Indicators released on Thursday showed domestic companies picked up the pace of capital expenditures in the January-March quarter, brightening sentiment towards the corporate Japan.

The yen posted modest losses against the dollar, as its earlier run to a two-week high against the greenback was met with steady profit-taking.

The broader Topix climbed 1.1 per cent to 1,586.14 and the JPX-Nikkei Index 400 added 1.2 per cent to 14,142.82.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom