• Nikkei rises to 1-1/2-week high helped by weak yen, but cuatious on earnings

    10 May 2016 | SET News

Japan's Nikkei share average rose to a 1-1/2-week high on Tuesday after the yen weakened, but investors remained careful before major companies release full-year earnings and forecasts.

The Nikkei gained 1.2 percent to 16,412.88 by midmorning, the highest since Apr. 28.

The dollar was steady against the yen around 108.29 after gaining nearly 1 percent on Monday and reaching a one-week high of 108.60. The yen soared to 1-1/2-year highs last week.

But analysts said investors remain wary that the yen could firm again, and also are bracing for more companies to report declines in profits for this fiscal year.


Reference: Reuters

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