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Home World Business

Japan’s Nikkei stocks bounce back with 253.19 points surge

byCustoms Today Report
22/10/2014
in World Business
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TOKYO: Tokyo stocks climbed high with a jump of 1.71 percent on Wednesday morning, recovering from a deep decline the previous day.

The Nikkei 225 index at the Tokyo Stock Exchange, added 253.19 points to 15,057.47 by the break.

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The broader Topix index of all first-section shares rose 1.84 percent, or 22.15 points, to 1,227.51.

Shares in Takata were flat at 1,686.0 yen, after they plunged nearly 23 percent on Tuesday following a call by US authorities for owners of vehicles with defective airbags made by the Japanese firm to seek repairs.

Investors on Wednesday appeared to shrug off Japan’s trade balance data, which showed a deficit of 958.3 billion yen ($8.96 billion) in September, putting the world’s number-three economy on track for a record annual shortfall.

The weak data stoked speculation the Bank of Japan will expand its monetary easing programme, which would tend to weaken the yen.

Tags: Asian stocksJapan stocksNikkeiTokyo sharesTokyo stocks

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