Japan’s Topix Extends Two-Week Gain as Investors Weigh Earnings
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Japan’s Topix index rose, extending a two-week gain, as investors weighed earnings at the start of the busiest two weeks of reporting season.
Resona Holdings Inc. jumped 5.4 percent after the lender said it would repay public funds by buying back preferred shares. NTT Docomo Inc. climbed 1.6 percent as the wireless operator’s shares were upgraded by Nomura Holdings Inc. after it reported financial results on July 25. Hitachi Chemical Co. posted its biggest advance in more than three years after quarterly profit beat estimates and the company announced job cuts. Tokyo Electron Ltd. sank 2.7 percent amid concern its merger with Applied Materials Inc. is stalling.