Japanese Stocks Rise as Fed Rate-Hike Expectations Ease

Tokyo, August 14 (QNA) – Japan’s Nikkei stock index rose on Friday, buoyed by fading expectations of a near-term US Federal Reserve interest-rate hike.

The benchmark Nikkei 225 climbed 0.85% to 68,889.01 by the midday break and was on track for a weekly gain of around 5%.

The broader TOPIX index advanced 0.69% to 4,204.99, putting it on course for a record closing high

Among Nikkei 225 constituents, 145 stocks advanced, 77 declined and one was unchanged. (QNA)