Japanese Index climbs to new high in nearly 15 years
Comes after gains on Wall Street and expectations of Federal Reserve delaying early interest rate hike
Japan’s stock exchange climbed to a new high in almost 15 years Friday after gains on Wall Street and expectations that the Federal Reserve might delay an early interest rate hike.
The 225-issue Nikkei index rose 273.99 points -- or 1.44 percent -- to 19,265.10 from the day before, national news agency Kyodo reported.
It peaked at 19,277.58 -- the highest intraday level since April 2000.
Real estate, electric appliances and machinery were among the sectors with the biggest gains.
The rise came after unexpectedly weak U.S. retail data, which some analysts said might push back a possible spring rate hike by the Fed following recent strong U.S. employment figures.
Japan’s stock exchange had climbed to a high in mid-February after the government released data showing the country’s trade deficit shrank nearly 60 percent in January compared to the previous year.
Last Modified: 2015-03-13 09:23:49
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