Markets

Nikkei rises to fresh 7-year high as weak yen lifts risk appetite

Published September 25, 2014 Updated September 25, 2014 07:38am

1 min

By Shoaib Ur Rehman

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TOKYO: Japan's Nikkei share average rose to a fresh seven-year high on Thursday as strong US economic data and continuing yen weakness buoyed investors' risk appetite, with buying extending beyond exporters to lift all sectors.

The Nikkei share average ended 1.3 percent higher at 16,374.14 points, the highest closing level since November 2007.

The broader Topix rose 1.5 percent to 1,346.43, and the JPX-Nikkei Index 400 gained 1.6 percent to 12,246.68.

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