Nikkei hits near 2-year high, breaks through 20,000 on strong data, weak yen [Reuters]
Nomura Holdings Inc ADR American Depositary Shares (NMR)
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Source: Reuters
Nikkei hits near 2-year high, breaks through 20,000 on strong data, weak yen * Nikkei adds 2.5 pct weekly gains * Both volume and turnover highest in nearly a month * Financials, exporters in demand By Ayai Tomisawa TOKYO, June 2 Japan's Nikkei share average brokethrough the 20,000-point level for the first time since December2015 on Friday as strong U.S. economic data and a weaker yenboosted investor confidence. The Nikkei climbed 1.6 percent to 20,177.28 points,its highest close since mid-August 2015. For the week, it gained2.5 percent. Both trading volume and turnover were heavy, with 2.3billion shares changing hands on the main board with a tradingvalue of 3.2 trillion yen, both the highest level since May 8. The broader Topix advanced 1.6 percent to 1,612.20. The threshold of "20,000 is a big technical andpsychological level for traders, so we should be not besurprised if we see some resistance at this level," said GavinParry, managing director at Parry International Trading Ltd.
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