Japan Topix Index Swings After Capping Second Weekly DeclineJapan Topix index fluctuated after four days of gains as oil explorers advanced while property developers retreated. Investors weighed U.S. data adding to signs of recovery in the world��s largest economy.

The Topix climbed 0.3 percent to 1,198.74 as of 9:12 a.m. in Tokyo, poised for its highest close since April 4, after falling less than 0.1 percent. The Nikkei 225 Stock Average added 0.1 percent to 14,653.22. The yen traded little changed for a third day after weakening on May 23. The Standard & Poor��s 500 Index advanced to a record yesterday.

Orders for durable goods increased in the U.S. for a third month in April, a sign the country��s factories will help the economy strengthen. Bookings for goods meant to last at least three years rose 0.8 percent after a 3.6 percent gain in the prior month that was better than previously reported, Commerce Department figures showed.

In other economic reports, the Conference Board��s index of U.S. consumer sentiment increased to 83 in May from 81.7 a month earlier. The S&P/Case-Shiller index of property prices in 20 U.S. cities increased 12.4 percent from March 2013 after a 12.9 percent gain in the year ended in February.

 

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