Nikkei rises to 3-1/2-wk closing high on weaker yen; Hitachi shines



Oct 5 Japan's Nikkei share average rose to a 3-1/2-week closing high on Wednesday on a weaker yen, while Hitachi Ltd jumped after a Nikkei report that it plans to sell Hitachi Koki Co and a portion of Hitachi Kokusai Electric for a total of more than 100 billion yen ($971.44 million).
The Nikkei gained 0.5 percent to 16,819.24, the highest closing level since Sept. 9.
The broader Topix gained 0.6 percent to 1,347.81 and the JPX-Nikkei Index 400 rose 0.6 percent to 12,061.49.
The Jasdaq market, which lists start-up companies, rose 0.1 percent to 114.08, the highest closing level since June... read more

 
5 October 2016 in World News, Views: 38
Source: Reuters
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