Japanese
shares rose, with the Topix index extending a three-week high, after
U.S. stocks climbed to records amid optimism about the gathering pace of
recovery in the world™s largest economy. Insurers advanced.
The
Topix gained 0.4 percent to 1,433.50 as of 9:02 a.m. in Tokyo, with all
but three of 33 industry groups increasing. The measure is poised for
its highest close since Dec. 9. The Nikkei 225 Stock Average added 0.4
percent to 17,893.83 today. The yen lost 0.1 percent to 120.44 per
dollar after falling 0.2 percent on Dec. 26. The Standard & Poor™s
500 Index, the Dow Jones Industrial Average and the Russell 2000 Index
all posted all-time highs Dec. 26.
Futures
on the S&P 500 were little changed. The underlying equity gauge
rose 0.3 percent Dec. 26 as a rally in equities continued through one of
the slowest trading days of the year.
Source : Bloomberg
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