Tags:
Journalism of Courage
Japan’s Nikkei average hit a seven-month closing high on Tuesday in holiday-thin trade,as a rebound in Chinese equities encouraged investors to buy on dips.
Investors shrugged off a slightly stronger yen against the dollar and aggressively added blue-chip exporters.
Comments from a Chinese vice premier that China supports efforts by the EU to calm global markets in the wake of Europe’s debt crisis lent further support,bolstering the euro-sensitive precision machinery sector. Canon Inc rose 1.6 per cent.
The benchmark Nikkei gained 1.5 per cent or 154.12 points to 10,370.53,while the broader Topix rose 0.9 percent to 906.21.
