Japan Stocks Rise, Following U.S. Equities Higher After GDP Data
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Japanese stocks rose, following a gain in U.S. equities, as a report showed Japan’s economy contracted last quarter by less than economists forecast.
Shionogi & Co. climbed 3.1 percent after Mizuho Financial Group Inc. raised its share-price target on the drugmaker. Digital Garage Inc. jumped 6.1 percent after the web service provider’s operating profit beat analyst estimates. Sompo Japan Nipponkoa Holdings Inc. added 1.5 percent after a report the insurer will raise premiums for the first time in eight years. Oil explorer Inpex Corp. slid 0.7 percent following a decline in crude prices.