Nikkei 225 Closes Above 20,000 as Jump in Capex Buoys Sentiment
- Capital spending rose more than estimated in third quarter
- All but one of Topix's 33 industry groups advance in Tokyo
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Japanese shares rose for the first time in three days, with the Nikkei 225 Stock Average closing above 20,000 for the first time since August, after data showed capital spending jumped more than expected as company profits increased in the third quarter.
The Nikkei 225 added 1.3 percent to 20,012.40, its highest close since Aug. 20. The broader Topix index gained 1.4 percent to 1,601.95, as all but one of the gauge’s 33 industry groups advanced. The yen added 0.1 percent to 122.98 per dollar after weakening for two days.