Nikkei rises to seven month closing high helped by weak yen

TOKYO Thu Dec 6, 2012 11:40am IST

A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012. REUTERS/Yuriko Nakao

A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012.

Credit: Reuters/Yuriko Nakao

TOKYO (Reuters) - The Nikkei average climbed to a seven-month closing high above the 9,500 mark on Thursday, encouraged by a yen kept weaker though persistent speculation the central bank would adopt bolder action to pull Japan out of deflation under a likely new government.

The Nikkei .N225 rose 0.8 percent to 9,545.16, the highest closing level since April 26. The broader Topix .TOPX advanced 0.9 percent to 788.74.

(Reporting by Ayai Tomisawa; Editing by Edwina Gibbs and Eric Meijer)

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage