Tokyo: Nikkei posts 5 straight days of gains; market awaits fresh trading cues
[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
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
Rebound relief for Asian stocks; STI up 0.3% led by DBS, UOB
Asia: Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Cordlife to raise S$8.2 million from private placement
Singapore stocks open lower on Wednesday; STI down 0.1%
Stocks to watch: CDL, Keppel Pacific Oak US Reit, Cordlife
China says new market rules won’t lead to massive delistings