Tokyo: Nikkei climbs to 6-week high on earnings optimism
[TOKYO] Japan's Nikkei share average rose to six-week highs on Tuesday in a holiday-shortened week, getting a lift from robust earnings and gains on Wall Street.
The Nikkei finished 0.7 per cent higher at 19,445.70, its highest close since March 21.
It added 1.3 per cent for the week. Tokyo markets will be closed for three days from Wednesday for a string of holidays known as Golden Week.
Wall Street climbed on Monday, boosted by gains in Apple and other big technology stocks that more than offset weak US economic data, and pushed the Nasdaq Composite to another record high.
The broader Topix added 0.7 per cent to 1,550.30, while the JPX-Nikkei Index 400 was up 0.7 per cent at 13,849.15.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data