DJ Nikkei Rises 0.5%, Led by Real Estate, Shipping Stocks -- Market Talk
0612 GMT - The Nikkei Stock Average closed 0.5% higher at 27789.29, supported by U.S. Fed Chair Powell's comments at the Jackson Hole symposium which spurred risk appetite. Shipping companies led the gains. Nippon Yusen advanced 2.8%, Mitsui O.S.K. Lines rose 5.1% and Kawasaki Kisen Kaisha added 2.3%. Stocks of real-estate developers also closed higher. Nomura Real Estate advanced 2.3%, Tokyu Fudosan gained 3.5% and Hulic Co. rose 1.7%. USD/JPY was at 109.75 compared with 109.85 late Friday in New York. The yield on the 10-year Japanese government bond was down half a basis point at 0.015%. (justina.lee@wsj.com)
(END) Dow Jones Newswires
August 30, 2021 02:12 ET (06:12 GMT)
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