Nikkei ends firm, near to 20,000, on foreign buying hopes

TOKYO, April 9 (Reuters) – Japan’s Nikkei rose to a fresh 15-year high on Thursday, getting in sight of 20,000, on hopes that foreigners will continue to buy Japanese stocks due to optimism about an economic recovery and strong corporate profits.

The Nikkei 225 ended 0.8 percent higher at 19,937.72, the highest closing level since April 2000.

The broader Topix gained 0.4 percent to 1,594.19 and the JPX-Nikkei Index 400 advanced 0.4 percent to 14,510.26.

Japanese finance ministry data showed foreign investors bought a net 1.036 trillion yen ($ 8.61 billion) of Japanese shares last week, their biggest net buying since early April 2013.

($ 1 = 120.2700 yen) (Reporting by Ayai Tomisawa; Editing by Alan Raybould)

Nikkei Futures

nikkeifutures.org@imediaone.com

You may also like...

Rules of Discussion on Nikkei ends firm, near to 20,000, on foreign buying hopes

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 stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean