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Nikkei rises to the highest level in 21 years
13:05 - 23/10/2017
Information / Baghdad ..
TOKYO - Japan's Nikkei average hit a 21-year high on Monday, extending its gains for a 15th straight session to a record low supported by a weaker yen after Prime Minister Shinzo Abe made a resounding victory in the election on Sunday.
The index gained 1.4 percent last week, posting its sixth weekly gain and the longest weekly gain in a year, as investors wonder how long the wave will last.
The weakness of the yen helped export stocks, Tokyo Electron gained 2.5 percent and Murata Manufacturing gained 1.1 percent.
Insurance rose 1.4 percent and T & D Holdings rose 1.5 percent.
Banks rose, the sector's index rose 1.1 percent, while Mitsubishi UFJ Financial Group gained 1.6 percent.
Shares in Toshiba fell 1.2 percent after the company said it expected a net loss of 110 billion yen in the fiscal year to end in March compared to a previous forecast net profit of 230 billion yen.
The broader TOPIX index hit a 10-year high and closed up 0.8 percent at 1,745.25 points, while the Nikkei 400 gained 0.9 percent to 15471.27 points. Ending / 25
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