Nikkei Hits Four-Month High
Source: Agencies |
December 29, 2009, Tuesday
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Print Edition
Print Edition
JAPAN'S Nikkei stock index rose to a four-month high yesterday as investors took heart from better-than-expected industrial output growth.
The benchmark Nikkei 225 stock average gained 139.52 points, or 1.3 percent, to 10,634.23, the highest finish since late August. The broader Topix increased 0.6 percent to 914.78.
"Sentiment turned upbeat on better-than-expected industrial output figures in November. The November results showed a recovery in Japanese exports was continuing on an upturn in demand in Asia," said Masatoshi Sato, an analyst at Mizuho Investors Securities Co Ltd.
The benchmark Nikkei 225 stock average gained 139.52 points, or 1.3 percent, to 10,634.23, the highest finish since late August. The broader Topix increased 0.6 percent to 914.78.
"Sentiment turned upbeat on better-than-expected industrial output figures in November. The November results showed a recovery in Japanese exports was continuing on an upturn in demand in Asia," said Masatoshi Sato, an analyst at Mizuho Investors Securities Co Ltd.
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