Arab Today, arab today japanese shares rise on yen\s fall us gains
Last Updated : GMT 11:42:17
Arab Today, arab today
Arab Today, arab today

Japanese shares rise on Yen\'s fall, US gains

Arab Today, arab today

Arab Today, arab today Japanese shares rise on Yen\'s fall, US gains

Tokyo - QNA

Japanese stocks snapped a four-day losing streak Thursday as market sentiment was lifted by a weakened yen and overnight gains on Wall Street. The benchmark Nikkei 225 Stock Average gained 77.72 points, or 0.89%, to end at 8,824.59 while the broader-based Topix index was up 7.99 points, or 1.1 per cent, at 735.38. Exporters, especially carmakers, were bolstered by the yen's fall against major currencies. A weaker yen makes Japanese products less expensive overseas and improves repatriated earnings. Shares in Nissan Motor Co surged 5.11 per cent, Honda Motor Co gained 3.14%, Toyota Motor Corp jumped 3%, Hitachi Ltd put on 2.57% and Advantest Corp was up 0.65%. The Dow Jones Industrial Average edged up 0.09% Wednesday as a measure of US private-sector job growth rose more than forecast. On currency markets in Tokyo, the dollar traded at 78.60-62 yen, up from Wednesday's 5 pm quote of 78.19-21 yen. The euro was quoted at 101.56-58 yen, up from 100.95-99 yen late Wednesday, and at 1.2919-2920 dollars, up from 1.2911-2913 dollars. 

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