Japan stocks snap 4-day losing streak on falling yen

Japanese shares bounced back Tuesday for the first rise in five trading days as export-linked stocks were lifted by a weaker yen.

The benchmark Nikkei 225 Stock Average gained 323.74 points, or 1.94 per cent, to end at 17,048.55 after rising as much as 2.29 per cent in the morning.

The broader Topix index was up 24.88 points, or 1.85 per cent, at 1,369.93.

Exporters traded broadly higher as the yen declined against major currencies.

The market was closed Monday for a public holiday.

On currency markets at 3 pm (0600 GMT) Tuesday, the dollar traded at 112.08-09 yen, up from Friday’s 5 pm quote of 111.33-34 yen.

The euro was quoted at 126.10-12 yen, up from 125.62-66 yen late Friday.

Last update: Tue, 22/03/2016 - 11:42


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