Nikkei rises for 3rd day on US optimism, but drops for the week

TOKYO, Jan 9 (Reuters) – The Nikkei rose for a third day on Friday on growing confidence in the U.S. economy and hopes of aggressive stimulus steps in Europe, while Fast Retailing Co rose after reporting strong quarterly profits.

The Nikkei advanced 0.2 percent to end at 17,197.73 after dipping into negative territory earlier. For the week, it dropped 1.5 percent.

The broader Topix added 0.2 percent to 1,380.58, and the new JPX-Nikkei Index 400 gained 0.2 percent to 12,495.99.

Index-heavy Fast Retailing gained 0.8 percent and contributed a hefty 40 points to the benchmark Nikkei index after reporting strong first quarter profits.

(Editing by Shri Navaratnam)

You may also like...

Rules of Discussion on Nikkei rises for 3rd day on US optimism, but drops for the week

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …