Nikkei hits 1.5-month high on weaker yen

TOKYO (CIHAN)- Tokyo stocks rose on Monday for the third consecutive trading day, with the Nikkei index ending at a one and a half month high stimulated by the yen’s depreciation and better-than-expected U.S. housing data.

The 225-issue Nikkei Stock Average was up 140.35 points, or 0. 97 percent, from Friday to 14,602.52, its highest finish since April 8.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange climbed 14.25 points, or 1.21 percent, to 1, 194.69.

Major gainers included brokerage, utility, service and metal shares.
The turnover was 1530.8 billion yen (15.01 billion U.S. dollars) .


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