News Column

Nikkei hits 7-month high on weaker yen, Cabinet reshuffle hope

September 1, 2014

Tokyo stocks advanced Tuesday, with the Nikkei index hitting a seven-month high, as market sentiment was buoyed by the yen's weakness against the U.S. dollar and investor hopes for a Cabinet reshuffle by Prime Minister Shinzo Abe scheduled on Wednesday.

The 225-issue Nikkei Stock Average rose 192.00 points, or 1.24 percent, from Monday to 15,668.60, its highest finish since Jan. 23. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 13.94 points, or 1.09 percent, higher at 1,297.00.

Gainers were led by brokerage, consumer finance and real estate issues.

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Source: Japan Economic Newswire

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