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Stock market: US and yen make Tokyo fly (+4%)

The Nikkei closes up 3,84%, Topix +4% – The positive performance of Wall Street in the wake of the macro data released on Friday in the US and the weakness of the yen, which supported the stocks of export-oriented companies.

Stock market: US and yen make Tokyo fly (+4%)

Great recovery at the start of the week for the Tokyo Stock Exchange, which closes the first session with a sharp rise. The index Nikkei of the 225 leading stocks it closed with a gain of 3,84%, returning with momentum above the threshold of 15 thousand points (+578,72 points, at 15.111,23). Even greater is the leap in the broader index Topix, up 4% (+47,12 points, to 1.224,34). 

Two factors in particular triggered the purchases on the Japanese stock exchange: the positive performance of Wall Street in the wake of macro data released on Friday in the US and the weakness of the yen, which buoyed stocks of export-oriented companies. 

Toyota recorded a jump of 5,2%. Well too Honda (+3,5%) and bank stocks: Mitsubishi UFJ Financial (+ 3,5%), Sumitomo Mitsui Financial Group (+ 3,3%) and Mizuho Financial Group (+3,6%). Furthermore, strong increases for the airline sector, which last week had suffered due to fears related to the Ebola epidemic: Ana Holdings (+ 4%) and Japan Airlines (+ 3,4%). 

The news that Japan's $1.200 trillion public pension fund is likely to increase its equity investments by 12 to 25 percent also gave the market confidence.

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