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Japanese stocks rise to 7-month high, dollar up vs yen.

Japanese stocks rise to 7-month high, dollar up vs yen.

Japanese stocks rose moderately Tuesday to a fresh seven-month high, led by steels, nonferrous metal stocks and pharmaceuticals in relatively thin trading. The dollar was higher against the yen.
The benchmark Nikkei 225 stock index added 76.30 points, or 0.45, to finish at 17,169.19 points on the Tokyo Stock Exchange _ the highest close since May 9.
The Nikkei started lower as some investors took profits following recent gains in thin trading as many foreign investors have begun taking year-end vacations.
In afternoon trading, the index moved to positive territory led by steel and nonferrous metal stocks, which are still believed to be laggard among players, traders said.
Gainers included Nippon Steel Corp., which rose 5.07 percent to 642 yen (US$5.39), Sumitomo Metal Industries Ltd., which posted a 3.56 percent to 523 yen (Us$4.39) and Mitsubishi Materials Corp., which jumped 5.73 percent to 443 yen (US$3.72).
Pharmaceuticals also advanced, with Takeda Pharmaceutical Co. rising 0.74 percent to 8,140 yen (US$68.40).
Market players largely ignored economic indicators, including Japan's nationwide consumer prices and jobless rate, which fell within expectations.
Earlier Tuesday, the government said Japan's nationwide core consumer price index rose 0.2 percent on year in November, and the nation's November jobless rate improved to 4.0 percent from 4.1 percent in October, both falling within market expectations.
Tokyo's broader Topix index, which includes all shares on the exchange's first section, was up 7.58 points, or 0.46 percent, at 1,672.45 points.
First-section volume rose to 1.718 billion shares, from Monday's 1.368 billion shares. Advancers beat decliners 1,197 to 387, with 121 issues unchanged.
In currencies, the dollar bought 118.89 yen on the Tokyo foreign exchange market at 5 p.m. (0800 GMT) Tuesday, up from 118.84 yen late Monday in Tokyo. The euro fell to US$1.3132 from US$1.3143.
New York financial markets were closed Monday for Christmas.
The 10-year Japanese government bond fell to 1.5650 percent from Monday's close of 1.5850 percent. Its price rose to 101.16 from 100.99.


Updated : 2021-06-25 11:28 GMT+08:00