Japan’s Nikkei index advances for 4th day – News

Japan’s Nikkei index advances for 4th day – News


By Kevin Buckland

TOKYO (Reuters) – Japan’s Nikkei stock index rose on Wednesday, extending gains for a fourth straight session, although gains were limited after advancing to more than 27,000 points in the previous session.

Auto battery component supplier Dai Nippon Printing rose 13% to lead gains after reports that activist investor Elliott Management had taken a large stake.

Suzuki Motor was another big draw after the quarterly profit of its Indian unit Maruti Suzuki more than doubled.

The Nikkei ended the day up 0.35% points to 27,395.01 and during the session reached a new five-week high of 27,473.90 points.

. In TOKYO, the Nikkei index rose by 0.35% to 27,395 points.

. In HONG KONG, the HANG SENG index remained closed for public holidays.

. In SHANGHAI, the SSEC index was flat.

. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, was not opened.

. In SEOUL, the KOSPI index appreciated by 1.39%, at 2,428 points.

. In TAIWAN, the TAIEX index remained closed.

. In SINGAPORE, the STRAITS TIMES index gained 1.79% to 3,352 points.

. In SYDNEY, the S&P/ASX 200 index fell 0.30% to 7,468 points.