TOKYO Japan's Nikkei average hit a seven-month closing high on Wednesday, buoyed by sharp gains in Chinese equities after comments by Communist Party chief raised hopes of economic recovery in the world's second-largest economy.
The Nikkei .N225 ended 0.4 percent higher at 9,468.84 points in a choppy session, after trading in a range of 9,376.97 to 9,515.86.
The broader Topix .TOPX index was flat at 781.86.
(Reporting by Dominic Lau; Editing by Kim Coghill)
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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article