The Nikkei 225 jumped 1.1% to above 38,900 while the broader Topix Index gained 1% to 2,728 on Friday (11/15), with Japanese shares snapping a three-day slide as solid GDP data lifted market sentiment. Japan's economy expanded 0.3% year-on-year in the third quarter, ending two straight quarters of declines amid further gains in private consumption and government spending.
Local shares also benefited from a sharply weaker yen that boosted the profit outlook for Japan's export-driven industries. Meanwhile, investors remained cautious after U.S. Fed Chair Powell said that strong U.S. economic growth would allow policymakers to take their time before cutting interest rates further. Outstanding performers were Disco (+4.3%), Mizuho Financial (4.8%) and Toyota Motor (2.9%).
Source: Trading Economics
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