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Nov. 13, 2014, 4:19 a.m. EST

Nikkei hits seven-year high as stocks extend win streak

Hong Kong rises for fourth day, while other markets fall broadly

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By Laura He, MarketWatch


Reuters
Japan stocks gained further Thursday, while other major Asian indexes mostly declined.

HONG KONG (MarketWatch) — Japan stocks extended a three-day winning streak Thursday, with the Nikkei hitting the highest point in more than seven years.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.27%  climbed 1.1% to close at 17,392.79, as investors looked ahead to Monday’s release of economic growth statistics, which were expected to be used by Prime Minister Shinzo Abe for deciding whether to postpone a sales-tax increase planned for October next year.

Meanwhile, the broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +0.93%  advanced 0.9%.

The yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0383% slipped against the greenback, with the dollar buying ¥115.58 compared with ¥115.47 a day earlier.

On the same day, official data showed that Japanese core machinery orders rose 2.9% in September from the previous month, marking a fourth straight month of gains.

Market movers included retailer AEON Co. Ltd. /zigman2/quotes/208701491/delayed JP:8267 -1.04% , rallying 3%, its local rivals J. Front Retailing Co. Ltd. /zigman2/quotes/209287176/delayed JP:3086 +0.71% and Fast Retailing Co. Ltd. /zigman2/quotes/200663563/delayed JP:9983 +2.53% , both advancing 1.9%. Internet and telecoms conglomerate SoftBank Corp. /zigman2/quotes/207303954/delayed JP:9984 +3.50% jumped 2.9%, electronic component maker TDK Corporation /zigman2/quotes/208948266/delayed JP:6762 +2.34%  climbed 2.2%, camera maker Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 +1.83%  rose 1.6%, and auto maker Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 +2.14%  improved by 1.3%.

In other Asian markets, Hong Kong stocks rose for a fourth straight session, with the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +2.96%  notching a mild 0.3% gain.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +1.60%  declined 0.4%.

In Sydney, the S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.15%  also settled 0.4% lower, while Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +1.81%  gave up 0.3%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
26,739.03
+336.19 +1.27%
Volume: 0.00
May 20, 2022 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,877.37
+17.29 +0.93%
Volume: 0.00
May 20, 2022 3:00p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
127.9350
+0.0490 +0.0383%
Volume: 0.0000
May 20, 2022 4:59p
loading...
/zigman2/quotes/208701491/delayed
JP : Japan: Tokyo
¥ 2,284.00
-24.00 -1.04%
Volume: 2.18M
May 20, 2022 3:00p
P/E Ratio
298.72
Dividend Yield
1.58%
Market Cap
¥1933.14 billion
Rev. per Employee
¥56.02M
loading...
/zigman2/quotes/209287176/delayed
JP : Japan: Tokyo
¥ 995.00
+7.00 +0.71%
Volume: 1.07M
May 20, 2022 3:00p
P/E Ratio
60.33
Dividend Yield
3.12%
Market Cap
¥260.56 billion
Rev. per Employee
¥50.78M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 59,630.00
+1,470 +2.53%
Volume: 513,500
May 20, 2022 3:00p
P/E Ratio
28.94
Dividend Yield
0.94%
Market Cap
¥6091.81 billion
Rev. per Employee
¥38.66M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,232.00
+177.00 +3.50%
Volume: 18.74M
May 20, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥8965.64 billion
Rev. per Employee
¥105.83M
loading...
/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 4,370.00
+100.00 +2.34%
Volume: 2.23M
May 20, 2022 3:00p
P/E Ratio
13.43
Dividend Yield
2.43%
Market Cap
¥1656.21 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 1,502.00
+27.00 +1.83%
Volume: 2.72M
May 20, 2022 3:00p
P/E Ratio
19.84
Dividend Yield
2.66%
Market Cap
¥551.53 billion
Rev. per Employee
¥27.32M
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 2,048.00
+43.00 +2.14%
Volume: 23.68M
May 20, 2022 3:00p
P/E Ratio
9.98
Dividend Yield
2.73%
Market Cap
¥28366.39 billion
Rev. per Employee
¥85.67M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,717.24
+596.56 +2.96%
Volume: 2.17M
May 20, 2022 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,146.57
+49.60 +1.60%
Volume: 37.23B
May 20, 2022 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,145.60
+81.10 +1.15%
Volume: 698,129
May 20, 2022 5:07p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,639.29
+46.95 +1.81%
Volume: 755,652
May 20, 2022 3:30p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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