Japan Stocks Gain on Earnings Optimism Even as Yen Strengthens
- Nikkei rises to within 2 points of 20,000, to 18-month high
- Buying interest for Japan equities ‘seems pretty strong’: Mito
Baring's Do Says Profit Recovery Important to Markets
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Japanese equities rose for the first time in three days as investors remained positive on the corporate earnings outlook even as the yen reversed its decline against the dollar.
Telecommunication stocks contributed most to the Topix index’s gain as Nippon Telegraph & Telephone Corp. rose after announcing plans to raise its dividend this fiscal year. The Nikkei 225 Stock Average flirted with 20,000, rising to 19,998.49, the highest since December 2015, before pulling back when the yen reversed its slide against the dollar after reports that U.S. President Donald Trump disclosed classified information to Russian officials.