News Column

Nikkei rises for 3rd day, market calmly digests GDP fall

August 12, 2014

The Nikkei stock index rose Wednesday for the third consecutive day of gains following last week's sell-offs, with investors calmly reacting to data showing the Japanese economy's largest contraction since the March 2011 earthquake-tsunami disaster.

The 225-issue Nikkei Stock Average ended up 52.32 points, or 0.35 percent, from Tuesday at 15,213.63. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 4.44 points, or 0.35 percent, higher at 1,262.13.

Major gainers included shipping, steel and real estate issues while mining, pharmaceutical, and utility shares lost ground.

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Source: Japan Economic Newswire

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