Japanese Stocks Extend Longest Winning Streak Since June 2015
- Lenders rise following drop as investors seen buying on dips
- Exporters sink on stronger yen; oil slump weighs on producers
Is it Time to Jump Into Emerging Markets?
This article is for subscribers only.
Tokyo shares advanced for a 12th day to extend their longest winning streak since June 2015 as a rally in bank shares wiped out an earlier loss sparked by a strengthening yen.
The Topix index reversed a drop of as much as 0.5 percent to close at the highest level since the Bank of Japan introduced negative interest rates in January. Bank shares gave the biggest boosts to the Topix as all three Japanese megabanks climbed. Before the June 2015 winning streak, the longest stretch of gains for the Topix was in August 2009.