Japanese Stocks Close up Reaching the Highest Level in a Week and a Half
Friday 1438/7/24 - 2017/04/21
Tokyo, Rajab 24, 1438, April 21, 2017, SPA -- Japanese stocks rose to a one-and-a-half week high on Tuesday.
The Nikkei N225, was up 1% at 18620.75, which is its highest closing since April 11.
Traders said sentiment was boosted by remarks by US Treasury Secretary Stephen Menuchin yesterday that the Bush administration will soon unveil a tax reform plan and expects Congress to approve it this year.
The dollar steadied against the yen at 109.32 yen after rising 0.4 percent yesterday, prompting automakers and other exporters to rise, but Fujifilm fell 4 percent after the company postponed its results report due to an investigation into accounting practices in a subsidiary Abroad.
The broader TOPIX index was up 1.1% at 1488.58 points and the DJIX-Nikkei 400 index gained 1.1%, also to close at 13321.58 points.
14:48 LOCAL TIME 11:48 GMT