Japanese stocks rose to a 21-year high on Wednesday, extending gains for a third straight session, as sentiment rallied after strong gains on US stocks on Wall Street and strong data support for the domestic economy.
The benchmark Nikkei <.N225> was up 57.76 points, or 0.28 percent, to close at 20,881.27, the highest closing since December 1996. The broader Topix index <.TOPX> was up 1.67 points, or 0.10 percent, at 1,696.81, its highest level since July 2007.
The Nikkei average gained 0.6% yesterday, its highest close since August 2015, and the Topix added about 0.5%, the second consecutive daily gain, after a strong rally in auto makers.
S & P 500 futures fell 0.1%, and the index ended yesterday's session on Wall Street up more than 0.2%, hitting a new record high of 2,555.23 points.
According to data released today in Tokyo, machinery orders in the country rose by 4.4% annually in August, exceeding expectations of experts by 0.8%, and orders fell 7.5% in July.
img credz: pixabay.com
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