News Column

Nikkei rises for 3rd day to hit 1.5-month high on weaker yen

May 25, 2014

Tokyo shares rose Monday for the third consecutive trading day, with the Nikkei index ending at a one and a half month high on the back of the yen's further depreciation and growing optimism about the U.S. economy.

The 225-issue Nikkei Stock Average climbed 140.35 points, or 0.97 percent, from Friday to 14,602.52, its highest finish since April 8. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 14.25 points, or 1.21 percent, higher at 1,194.69.

Major gainers included brokerage, utility, service and metal shares.

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Source: Japan Economic Newswire

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