Nikkei rises to near eight-year high helped by Wall Street's gains

TOKYO (Reuters) – Japan’s Nikkei share average rose to a near eight-year high on Monday helped by Wall Street’s gains, even as investors digested weaker-than-expected domestic growth data.

The Nikkei ended 0.5 percent higher to 18,004.77, the highest closing level since July 2007.

The broader Topix gained 0.7 percent to 1,459.43, and the JPX-Nikkei Index 400 advanced 0.7 percent to 13,239.57.

Japan’s economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier Shinzo Abe’s government faces in breaking the economy free from 15 years of stagnation.

(Reporting by Ayai Tomisawa; Editing by Eric Meijer)

You may also like...

Rules of Discussion on Nikkei rises to near eight-year high helped by Wall Street's gains

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 …