Japanese Shares Extend Seven-Year High as Yen Weakens Past 120
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Japanese shares rose a sixth day, with the Topix index extending a seven-year high, as exporters advanced after the yen weakened past 120 yen per dollar.
Sony Corp. and Nissan Motor Co. each climbed 1.3 percent as electrical-appliance and auto makers provided the biggest boost to the Topix. GungHo Online Entertainment Inc. posted its biggest gain in more than 18 months after the company was said to be planning to announce next week that it will introduce its Puzzle & Dragons smartphone game in China. Sumco Corp. jumped 13 percent as the maker of silicon wafers recorded its biggest two-day gain since 2012.