Japan Stocks Head for Best Winning Streak in Nine Months on Yen

Japanese shares rose a sixth day, with the Topix index heading for its longest winning streak in nine months, as the weaker yen boosted exporters while miscellaneous product makers led gains.

The Topix added 0.3 percent to 1,320.79 as of 9:19 a.m. in Tokyo, on course for its longest stretch of gains since Oct. 7. The stock market was closed on Monday in Japan for a public holiday. The Nikkei 225 Stock Average increased 0.3 percent. The yen traded at 105.98 per dollar on Tuesday after sliding 1.2 percent Monday. The S&P 500 Index climbed 0.2 percent on Monday, closing at a record for the fifth time in six days.

Source: Bloomberg

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Asian Stocks Fluctuate After Best Three-Day Advance Since April

Asian stocks swung between gains and losses as energy shares dropped with crude while health-care and consumer-staple companies advanced.

The MSCI Asia Pacific Index added 0.1 percent to 132.97 as of 9:06 a.m. in Tokyo after falling as much as 0.1 percent. The gauge posted its biggest three-day advance since April through Wednesday as Japanese shares erased their Brexit losses amid signs the government will add more stimulus. The Topix index rose 0.2 percent on Thursday after sliding 0.1 percent.

Australia’s S&P/ASX 200 Index was little changed and South Korea’s Kospi index fell 0.3 percent. New Zealand’s S&P/NZX 50 Index rose 0.2 percent, heading for a record close after surging more than any other major developed market index this year.

Source : Bloomberg

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