Tokyo stocks edge up, boosted by strong US growth

<p>Japan’s Nikkei share average rose on a weak yen and strong US growth</p>

Japan's Nikkei share average rose today (September 29th) thanks to a weak yen and a report showing that the US economy grew at its fastest pace in more than two years in the second quarter.

Revised figures from the US Commerce Department revealed the country's GDP increased at an annual rate of 4.6 per cent between April and June, making it the best performance since the fourth quarter of 2011. This is an improvement on the 4.2 per cent previously estimated.

The revision was due to larger rises in exports and business investment, including manufacturing, trade and housing.

The Nikkei share average ended 0.5 per cent higher at 16,310.64, while the broader Topix added 0.4 per cent to 1,337.30. The JPX-Nikkei Index 400 also gained 0.4 per cent to 12,163.84.

Learn about the Asian markets and CFD trading at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.