Black Friday Sale! Save huge on InvestingProGet up to 60% off

Nikkei hits 1-month closing high; JAL, Aiful sink

Published 09/24/2009, 02:10 AM
Updated 09/24/2009, 02:12 AM
KYOCY
-

TOKYO, Sept 24 (Reuters) - Japan's Nikkei average rose 1.7 percent to book a one-month closing high on Thursday, lifted by exporters such as Kyocera Corp as investors played catch-up after returning from a string of public holidays.

The benchmark Nikkei gained 173.68 points to 10,544.22, its highest finish since Aug. 26. It dipped 0.7 percent last week.

The broader Topix added 1.2 percent to 950.20.

But Japan Airlines and consumer lender Aiful continued to be dogged by negative news.

JAL tumbled nearly 16 percent after sources said the company might be broken up and public broadcaster NHK reported it is planning to seek a taxpayer-funded bailout to overhaul its operations.

Aiful shares plunged about 24 percent after the lender said it would halve its workforce and slash branch numbers as it warned of a $3.4 billion loss for the year to March 2010. (Reporting by Aiko Hayashi)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.