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