Japanese
shares rose for a third day as the yen weakened to the lowest level in a
week, boosting the outlook for export earnings.
The
Topix index advanced 1.4 percent to 1,350.63 at 9:01 a.m. in Tokyo,
adding to Wednesday’s biggest gain in six weeks. Fourteen shares rose
for each that fell. The Nikkei 225 Stock Average added 1.4 percent to
16,607.91. The yen traded at 109.42 per dollar, weakening for a third
day after climbing on Monday to the strongest level since October 2014.
The dollar rose the most in three weeks as global equities erased losses
for the year.
The Topix was down 14 percent in 2016 through Wednesday, the second-steepest decline among global markets.
Futures
on the Standard & Poor’s 500 Index were little changed after the
underlying U.S. equity gauge climbed 1 percent to a four-month high on
Wednesday, buoyed by improving Chinese trade data and
better-than-expected results from JPMorgan Chase & Co., the biggest
U.S. lender by assets.
Source: Bloomberg
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