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Nikkei ends back above 17,000, bank shares climb

Nikkei ends back above 17,000, bank shares climb
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First Published: Thu, Oct 18 2007. 12 08 PM IST
Updated: Thu, Oct 18 2007. 12 08 PM IST
Tokyo: Japan’s Nikkei average rose 0.9% on 18 October, closing back above 17,000 on gains in high-tech shares such as Canon Inc and a rebound in bank shares after several sessions of heavy selling.
Earnings hopes lifted shares of trading and shipping firms such as Mitsui & Co, while Elpida Memory advanced 3.5% after it said it would shift to production of DRAM chips using only advanced 300mm silicon wafers in March 2008 to lower per-chip costs.
The Nikkei rose 150.78 points to 17,106.09, recouping some of its 2% loss from the last two sessions. The TOPIX climbed 1.09% to 1,617.75.
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First Published: Thu, Oct 18 2007. 12 08 PM IST
More Topics: Markets | Nikkei | Shares | Stocks | Japan |