-
Japan’s Nikkei rallies on Wall Street gains, softer Yen; SoftBank jumps
Japan’s Nikkei share average rallied broadly on Wednesday, as a softer yen buoyed exporter shares and chip stocks tracked advances in US peers overnight. Tech investor SoftBank Group was the Nikkei’s top gainer, adding 5.15% after exercising an option to receive shares in telco T-Mobile US worth some $7.59 billion for no additional cost. The Nikkei entered the midday recess up 1.06% at 33,658.32, with 210 of its 225 components rising, versus just 11 that fell and four that were flat. The broader Topix added 0.89%. Growth stocks outperformed, with an Topix sub-index of the shares gaining 0.97% compared with a ... (full story)