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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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read