|Published : 20 Apr 2017, 11:55:51|
Japanese stocks rise as strong yen trend pauses
Japanese stocks rose on Thursday as the yen's strong trend paused and the country's strong trade data lifted sentiment, but mining shares underperformed on the back of a steep decline oil prices.
The Nikkei 225 share average rose 0.3 per cent to 18,484.46 in midmorning trade.
But gains were limited, and market participants said Japanese stocks are expected to trade in a fixed range throughout the day as mounting tensions between North Korea and the United States.
The investors were cautious along with political uncertainty in Europe ahead of the French presidential elections.
Tokyo Electron Ltd rose 1.4 per cent, Advantest Corp jumped 4.5 per cent and Disco Corp gained 1.3 per cent.
However, mining stocks Inpex Corp and Japan Petroleum Exploration Co both dropped 1.2 per cent.
The broader Topix gained 0.5 per cent to 1,478.86 and the JPX-Nikkei Index 400 advanced 0.4 per cent to 13,230.78, according to Reuters.