Japan’s Nikkei posts weekly fall amid domestic election jitters
Japan’s Nikkei share average marked a second week of declines on Friday as investors weighed the risk outlooks ahead of a domestic election that could see the ruling party lose its majority. The Nikkei closed 0.6% lower at 37,913.92, posting a 2.7% loss for the week. The broader Topix finished down 0.7% at 2,618.32. The…
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Nikkei rallies 2% on softer yen, Japan leadership contest in spotlight
Japan’s Nikkei share average rallied more than 2% on Friday, buoyed by further softening of the yen after a strong advocate of “Abenomics” took the lead in first-round votes in the ruling Liberal Democratic Party’s leadership election. The Nikkei ended 2.32% higher at 39,829.56, its highest close since July 19, while the broader Topix finished…
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