Tokyo shares hike by break following overseas gains
Tokyo shares hike by break following overseas gains
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Wednesday: Today’s  morning Tokyo stocks jet as dealers picked up on a profit of sureness that helped drive rallies in US and European markets.The jump came on the back of increasing oil rates, an upturn in Chinese inflation data, and as a dollar rally beside the yen boosted the outlook for Japanese exporters' profits.

Chihiro Ohta, a senior strategist at SMBC Nikko Securities said, “We're in risk-on mode”

"Oil prices rose, stocks rose and the dollar strengthened in overseas trading. The environment is good for Japanese stocks."

The Nikkei-225 index scaled 0.29 % , or 47.80 points, to 16,612.99 by the break. The Topix index of all first-section stocks edged up 0.07 % , or 0.97 points, to 1,335.87.

In Tokyo stake trading, mobile giant Softbank skipped 2.84 % to 6,162 yen while Uniqlo operator Fast Transaction, a market heavyweight, slipped 0.24 %  to 28,825 yen.

Toyota jet 0.18 %to 5,687 yen before it issues full-year incomes after markets close Wednesday.

Troubled airbag producer Takata jumped 2.86 %  to 324 yen, notwithstanding rising concerns over its finances as it fights with a worldwide defect scandal. It also reports earnings later Wednesday.

In exchange markets, the dollar relieved somewhat to 108.85 yen from 109.27 yen Tuesday in New York, but it was still up from levels seen previous this week.

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