News Column

Nikkei hits 6-month high on weaker yen, upbeat earnings report

July 24, 2014

Tokyo stocks rebounded Friday, with the Nikkei stock index finishing at a six-month high on a weaker yen trend and a rally in the stock of a company that reported upbeat earnings.

The 225-issue Nikkei Stock Average ended up 173.45 points, or 1.13 percent, from Thursday at 15,457.87, its highest level since Jan. 23. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 11.49 points, or 0.90 percent, higher at 1,281.35.

Major gainers included pulp and paper, construction as well as steel shares.

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Source: Japan Economic Newswire

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