Tokyo’s Nikkei closes up for sixth straight session

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Tokyo

Tokyo’s benchmark Nikkei index ended higher for a sixth consecutive session on Tuesday as investors took heart from record closes on Wall Street.

The Nikkei 225 index rose 0.52 percent, or 154.12 points, to 29,921.09, while the broader Topix index was up 0.65 percent, or 12.77 points, at 1,981.50.

“Gains in US stocks largely helped sustain market sentiment,” said Yoshihiro Okumura of Chibagin Asset Management.

“But many investors refrained from active buying, awaiting the outcome of a US Federal Reserve meeting,” Okumura told AFP.

“Sentiment remains intact but players are still nervous about US interest rates,” he added.

The US Federal Reserve’s “policy decision and new forecasts are undoubtedly another factor keeping investors a little bit cautious at the start of the new week,” said Rodrigo Catril, senior strategist at National Australia Bank.

The Bank of Japan will also hold a monetary policy meeting this week.—AFP

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