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Topix Rises as Volatility Gauges Pull Back, Restoring Sentiment


Friday, 16 February 2018 08:30 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japanese shares rose after U.S. equities posted their best five-day gain since 2011, with technology stocks and automakers providing the biggest boost.

Topix added 1.1% to 1,738.63 as of 9:49 a.m. in Tokyo and Nikkei 225 also rose 1.1% to 21,691.84. Yen little changed at 106.16 to the dollar after strengthening 2.5% this week.

The benchmark Topix gauge was poised for a second day of gains even as the yen remained stronger against the dollar. The Japanese currency is headed for its biggest weekly advance since July 2016. The S&P 500 Index climbed almost 6 percent over the past five days as the VIX volatility gauge retreated from a record high, declining for five days. The Nikkei Stock Average Volatility Index also slid for a fourth day on Friday.

Source: Bloomberg


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