Nikkei Up 1.3%; Weaker Yen Supports Gains
Japan’s benchmark Nikkei Stock Average closed higher, led by export-dependent companies that could benefit from a weaker yen.
Electronics and auto stocks led the session’s gains. The index rose 1.3% to close at 39,461.47. In the electronics segment, Sony rose 1.1% while Canon and Nikon rose 3.1% and 0.3%, respectively. Toyota Motor and Honda Motor rose 0.9% and 2.1%, respectively. USD/JPY was down 0.2% at 154.08.
Source: Bloomberg