Markets

Nikkei 225 Regains 19,000 On Softer Yen, Solid Earnings Reports, Up 0.78%

The Nikkei 225 Friday rose 0.78% as traders continued to review a generally good earnings season, and noted a softer yen, considered a positive in export-oriented Japan. The Friday decision by the central bank Bank of Japan to maintain policy was expected, said analysts.

The broad measure Nikkei 225 rose 147.39 to 19,083.10, as gainers outnumbered losers 163 to 56.

Leading the upside were chemical concern Tokuyama (TKYMF, 4043:Tokyo), up 11.87%, followed by Shionogi (SGIOY, 4507:Tokyo), up 11.41% on news it has commercialized an effective flu drug; and then food-purveyor Nicherei (NCHEY, 2871:Tokyo), up 6.60%.

On the downside were battery-maker GS Yuasa (GYUAF, 6674:Tokyo), off 11.15%; and then camera-house Konica-Minolta (KNCAY, 4902:Tokyo), off 9.48%.

The Nikkei 225 is up 18.21% YOY and up 9.35% YTD.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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