News Column

Nikkei hits 5-month high in morning on weaker yen, positive China data

June 22, 2014

Tokyo stocks rose Monday morning, with the Nikkei hitting a five-month high as investors took heart from a relatively weaker yen and positive Chinese economic data released in midmorning.

The 225-issue Nikkei Stock Average advanced 55.74 points, or 0.36 percent, from Friday to end the morning at 15,405.16, after briefly rising to 15,442.67, its highest level since Jan. 24 on an intraday basis.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 0.82 point, or 0.06 percent, to 1,269.74.

Major gainers included nonferrous metal, air transport as well as oil and coal products shares.

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Source: Japan Economic Newswire

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