Japan’s Nikkei share average rose significantly on Thursday morning as investors bought back recently-battered stocks after U.S. markets climbed overnight, shrugging off stronger-than-expected inflation data.
The Nikkei advanced 1.6 percent to 21,497.83 in midmorning trade, after tumbling to a four-month low on Wednesday and briefly dipping below its 200-day moving average. The broader Topix advanced 1.3 percent to 1,723.93.
All sectors but utility were in positive territory, with financial stocks and exporters outperforming, downplaying a strong yen trend.
Source : Reuters