Japanese stocks rose,
with the Topix index climbing from a 7 1/2-year high, after the yen slid
as investors weighed minutes from the Federal Reserve’s latest meeting.
The Topix advanced 0.3
percent to 1,647.83 as of 9:06 a.m. in Tokyo, after yesterday closing
at the highest since October 2007. The Nikkei 225 Stock Average added
0.2 percent to 20,242.96. The yen traded at 121.20 per dollar after
touching the weakest level since March 17 on Wednesday. Minutes of the
Federal Reserve’s last meeting reinforced that interest rates will
likely be boosted in the second half of this year, with officials not
expecting to raise borrowing costs in June.
E-mini futures on the
Standard & Poor’s 500 Index fell 0.2 percent after the underlying
U.S. measure slipped 0.1 percent on Wednesday in New York, dragged lower
by a selloff in airlines.
Source: Bloomberg
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