Nikkei up 2.3% on banks optimism, snaps nine-day slide

Nikkei up 2.3% on banks optimism, snaps nine-day slide
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First Published: Tue, Jul 14 2009. 11 36 AM IST
Updated: Tue, Jul 14 2009. 11 36 AM IST
Tokyo: Japan’s Nikkei average gained 2.3% on Tuesday to snap a nine-day falling streak, with banks buoyed by upbeat analyst comments about the US financial sector and exporters lifted by a halt in the yen’s sharp appreciation.
Nissan Motor Co surged more than 7% on its plans to boost production capacity in China, while Komatsu Ltd jumped more than 6% after the Nikkei business daily said the company returned to profitability in the April-June quarter.
The benchmark Nikkei finished up 211.48 points at 9,261.81. It had slid 2.6% the previous day to hit its lowest finish since 18 May.
The broader Topix rose 1.9% to 868.57.
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First Published: Tue, Jul 14 2009. 11 36 AM IST
More Topics: Asian markets | Stocks | Nikkei | Japan | Topix |