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Japan's Nikkei Ends Four-Day Losing Streak

Economy

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Tokyo, February 18 (QNA) - Japan's Nikkei index ended Wednesday's trading session breaking a four-day losing streak, supported by a surge in shares of companies believed to have participated in Japan's pledge to invest USD 550 billion in US projects.

The Nikkei index rose 1.02 percent to 57,143.84 points at the close. The broader Topix index gained 1.21 percent to 3,807.25 points.

Mitsubishi Electric shares rose 2.89 percent, Noritake shares gained 6 percent, and Asahi shares jumped 9 percent.

Shares of fiber-optic cable manufacturers Fujikura and Furukawa Electric rose by about 4 percent each. Financial stocks recorded gains, becoming the biggest contributor to the rise in the Topix index.

Shares of Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group climbed more than 2 percent each.

Meanwhile, shares of memory chip maker Kioxia fell 4.25 percent after shares of US memory chip maker SanDisk declined 5.7 percent overnight.

Among more than 1,600 stocks traded on the Tokyo Stock Exchange's main market, 74 percent rose, 22 percent fell, and 3 percent were little changed. (QNA)

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