SN: Nikkei 225 Gains 1.41% On Overnight Wall Street Gains, Weaker Yen, Stronger Oils
The Nikkei 225 rose 1.41% Thursday, as traders took in overnight gains on Wall Street due to an oil-price pick-up, and a weaker yen, considered a positive in export-oriented Japan. The broad measure Nikkei 255 rose 224.55 to 16,140.34, as gaining issues topped losers 193 to 25. Leading the upside were utility Chuba Electric Power (CHEUF, 9502:Tokyo), up 6.86%; followed by electronics outfit Panasonic (PNCOY, 6752:Tokyo), up 6.61%; and then aluminum-house Nippon Light Metals (5703:Tokyo), off 6.02%. On the downside were electronics concern Sharp (SHCAY, 6753:Tokyo), off 14.37% after announcing the allocation of new shares to Taiwan’s Hon Hai Precision Industry. Also down was machine-tool maker Okuna (OKUMF, 6103:Tokyo), off 4.61%.
The ETF increased 0.54% or $0.09 on February 24, hitting $16.83. It is down 14.91% since July 21, 2015 and is downtrending. It has underperformed by 5.98% the S&P500.
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