Japan’s Topix Gains as Financials Climb; Dwango Surges
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Japan’s Topix index rose for a third day, after last week closing at its highest since May, as financial shares advanced. Dwango Co. surged.
Consumer-finance firm Aiful Corp. jumped 5.8 percent as brokerages, consumer lenders, insurers and banks were among the best-performing Topix subsectors. Dwango soared 17 percent for a second day of gains after video-game console maker Nintendo Co. bought a stake in the mobile-content company. Baby-care product makers Pigeon Corp. and Unicharm Corp. gained at least 4.2 percent as China pledged to relax the nation’s one-child policy.