Nikkei climbs 1.34 percent


Tokyo, Dec 1 (IANS): Tokyo stocks closed higher on Tuesday, with the benchmark Nikkei index breaching the 20,000 line for the first time since late August as better-than-expected capital expenditure data buoyed sentiment about the health of the domestic economy.

The 225-issue Nikkei Stock Average closed 264.93 points (1.34 percent) up from Monday at 20,012.40, Xinhua reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 21.70 points (1.37 percent) to finish the day at 1,601.95.

Local brokers noted that data released in the morning showed that corporate capital expenditure in the July-September period increased at the fastest pace in eight years from a year earlier, surging by 11.2 percent, lifting the market mood.

They added that investors' buying appetite was increased by hopes GDP figures may be upwardly revised, with purchasing sentiment also boosted by a weaker yen.

The day's notable advancers comprised utilities, iron and steel, and machinery-linked shares and the turnover for the day was $19.78 billion.

  

Top Stories


Leave a Comment

Title: Nikkei climbs 1.34 percent



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.