Nikkei's Two-Month High ; Japan

Summary


Japan's Nikkei stock average climbed 2.4 per cent to hit a two- month closing high yesterday as Canon and other exporters gained on a softer yen, leading to a sixth straight positive week, while Japanese government bond futures plunged.

JGB futures tumbled so sharply the fall led to a first 15-minute trading halt by the Tokyo Stock Exchange, as investors began turning sights to next week's US Federal Reserve board meeting on a growing sense any rate cuts may be the last for a while.

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Nikkei's Two-Month High ; Japan

Mizuho Financial Group and other financials surged on growing confidence in their New York peers, helping to boost the Nikke...

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