- Title: Nikkei hits 1-year high on Wall Street's record run, weaker yen
- Date: 9th December 2016
- Summary: TOKYO, JAPAN (DECEMBER 9, 2016) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD TSE STAFF WORKING TSE MARKET CENTER AND REVOLVING STOCK PRICE TICKER REVOLVING STOCK PRICE TICKER TSE MARKET CENTER ELECTRONIC STOCK BOARD JPX GRAPHIC
- Embargoed: 24th December 2016 07:00
- Keywords: Japan stocks Nikkei record high
- Location: TOKYO, JAPAN
- City: TOKYO, JAPAN
- Country: Japan
- Reuters ID: LVA0015C5VO05
- Aspect Ratio: 16:9
- Story Text: Japanese stocks rose to their highest level in a year on Friday (December 9), supported by Wall Street gains and solid buying of exporters on the back of a weaker yen.
The benchmark Nikkei gained 1.2 percent to 18,996.37, the highest closing level since December 2015.
The index rose 3.1 percent on the week for its fifth straight weekly gain.
The broader Topix gained 0.8 percent to 1,525.36, with 3.1 billion shares changing hands, the highest volume in a month due to the settlement of December futures and options.
It earlier topped the 19,000-level for the first time in a year, as investors saw both the weak yen and prospects of U.S. President-elect Donald Trump adopting pro-growth policies benefiting Japan's major exporters.
Asian shares edged down but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank's decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. - Copyright Holder: REUTERS
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