Tokyo: Stocks rise on US stimulus optimism

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[TOKYO] Japanese shares closed higher on Wednesday as optimism that US lawmakers could reach an agreement on a pre-election stimulus package lifted riskier assets globally. Read more at The Business Times.

The news helped Wall Street finish higher overnight and buoyed sentiment in Asia.

Among the gainers in Japan, Shimachu soared by 14.54 per cent, shy of its daily limit, after furniture retailer Nitori Holdings said it may bid for the home improvement retailer, threatening a tender offer by DCM Holdings.Shares of ANA Holdings ended 1.73 per cent higher, despite reports that the coronavirus-battered airline operator was expected to post a net loss of 530 billion yen for the fiscal year ending in March 2021. ANA said after market hours that the forecast was undecided.

Takara Bio jumped 5.42 per cent after the biotechnology company lifted its net profit forecast for the six months ended Sept 30. Nojima gained 7.31 per cent after upgrading its net profit outlook for the fiscal year ending in March 2021.BT is now on Telegram!

 

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