Japanese shares advanced, with the Topix index climbing from a three-week low, as insurers led gains.
The
Topix added 0.6 percent to 1,537.47 as of 9:01 a.m. in Tokyo, rising
for the first time in three days. The Nikkei 225 Stock Average gained
0.5 percent to 19,125.72. The yen gained 0.2 percent to 119.54 per
dollar.
E-mini
futures on the Standard & Poor’s 500 Index fell 0.1 percent after
the underlying gauge slipped 0.4 percent yesterday on
weaker-than-estimated data on hiring and manufacturing.
Concerns
about economic growth have also weighed on Japanese shares this week,
with the Topix sliding 0.9 percent Wednesday after the Bank of Japan’s
Tankan survey showed large manufacturers see business conditions
weakening this quarter and most companies plan to pare investment in the
year ahead.
Source : Bloomberg
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