Reuters logo
Nikkei rises on Wall St record; SoftBank soars on US investment plan
December 7, 2016 / 6:13 AM / a year ago

Nikkei rises on Wall St record; SoftBank soars on US investment plan

TOKYO, Dec 7 (Reuters) - Japan’s Nikkei share average rose on Wednesday, buoyed by a surge in index-heavyweight SoftBank after it announced a bold investment foray into the United States.

SoftBank ended 6.2 percent higher after Chief Executive Masayoshi Son said he would invest $50 billion in U.S. companies.

The Nikkei gained 0.7 percent to 18,496.69 points. SoftBank contributed a hefty positive 50 points to the Nikkei, or more than a third of the benchmark index’s point gains.

The broader Topix advanced 0.9 percent to 1,490.62 and the JPX-Nikkei Index 400 added 0.8 percent to 13,344.30.

Investment sentiment was also support by another record close on Wall Street overnight. (Reporting by Ayai Tomisawa; Editing by Kim Coghill)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below