Tuesday, 10 December 2019
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Japan shares at 6-week high as banks, exporters, Apple suppliers shine

Japanese stocks rose to a six-week high on Wednesday as bank shares extended recent gains thanks to rising bond yields, while major exporters reaped the rewards of a faltering yen.

Suppliers to Apple Inc also gained after the California-based tech company announced a new lineup of iPhones.

At 01:52 GMT, the Nikkei index was up 0.45% at 21,489.40 after earlier rising to 21,504.04, the highest since Aug. 1.

The largest percentage gainers were Fukuoka Financial Group Inc, up 7.48 %, followed by Concordia Financial Group Ltd gaining 6.33% and Resona Holdings Inc up by 5.94%.

The broader Topix rose 0.87% to 1,571.52.

Japanese mega-bank shares rallied. Mitsubishi UFJ Financial Group Inc was up 3.87%, Sumitomo Mitsui Financial Group Inc rose 2.54%, and shares in Mizuho Financial Group Inc climbed 1.52%.

Source : Reuters

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