Japanese shares rise on bargain-hunting


FE Team | Published: February 08, 2018 13:17:48 | Updated: February 14, 2018 10:44:21


Representational image (Collected)

Japanese shares rise on Thursday as buyers looked for bargains on shares which were beaten down heavily early in the week.

The Nikkei ended up 1.1 per cent at 21,890.86 points, but has still lost nearly 6.0 per cent so far this week, reports Reuters.

Automakers, glassmakers and pharmaceutical stocks led the gains, while food companies and metal stocks lost ground.

Toyota Motor Corp rose 2.4 per cent, Subaru Corp advanced 2.9 per cent, Asahi Glass jumped 5.9 per cent and Takeda Pharmaceutical added 1.8 per cent.

Condiment maker Ajinomoto shed 1.7 per cent and Toho Zinc stumbled 5.7 per cent.

The broader Topix rose 0.9 per cent to 1,765.69.

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