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Topix Snaps Six-Day Losing Streak as U.S. Data Boost Exporters


Thursday, 26 December 2019 13:44 WIB

Nikkei 225IndeksTopix


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Japan’s Topix index rose, snapping a six-day losing streak thanks to signs of health in the U.S. economy.

Topix +0.6% to 1,731.20 at the close in Tokyo. Nikkei 225 +0.6% to 23,924.92. Yen -0.2% to 109.56 per dollar.

Exporters including electronics makers led gains in all industry groups. The yen slipped against the dollar. Despite a shorter shopping season, overall U.S. holiday sales excluding automobiles increased 3.4% over last year, of which e-commerce sales made up 14.6%, Reuters reported, citing data from Mastercard.

Volumes on the Topix and the Nikkei 225 Stock Average were 30% and 33% below their 30-day averages, respectively. Local markets will be shut next week from Tuesday to Friday for year-end holidays.

Source: Bloomberg


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