Nikkei rises for fourth day on Wall Street rise; Sharp, Mitsubishi Motors shine

The Nikkei ended 0.2 per cent higher at 16,998.91.

By: Reuters | Tokyo | Published:October 19, 2016 1:08 pm
Nikkei, Japan stock market, stock markets, Bank of Japan, BOJ, Lawson Inc., Japan economy, Japan news, business news, world market, latest news, Indian express Japan’s Nikkei share average rose for a fourth day on Wednesday, taking cues from a bounce in Wall Street shares, while Sharp Corp jumped 11 percent after saying it expects significant improvement in annual profit.

Japan’s Nikkei share average rose for a fourth day on Wednesday, taking cues from a bounce in Wall Street shares, while Sharp Corp jumped 11 percent after saying it expects significant improvement in annual profit. Another individual stock in the spotlight was Mitsubishi Motors Corp, which soared 7.9 per cent after the Nikkei newspaper reported that Nissan Motor Co has decided to appoint its CEO, Carlos Ghosn, as chairman of Mitsubishi Motors.

The Nikkei ended 0.2 per cent higher at 16,998.91.

The broader Topix gained 0.1 per cent to 1,357.20 and the JPX-Nikkei Index 400 added 0.1 per cent to 12,145.36.

The Jasdaq market rose 0.6 per cent to 115.82, the highest closing level in 10 months.