Nikkei rises for 4th day, weak yen triggers futures buying

By Kitco News / March 13, 2018 / www.kitco.com / Article Link

TOKYO, March 13 (Reuters) - Japanese shares rose for afourth day on Tuesday in choppy trade as a weak yen triggeredbuying in futures, offsetting weakness in steelmakers andautomakers still battered by concerns about U.S. tariffs onimported steel and aluminium.The Nikkei average gained 0.7 percent to 21,968.10while the broader Topix added 0.6 percent to 1,751.03.Tuesday's winners included defensive names anddomestic-demand sensitive stocks such as utility shares, foodprocessors and drugmakers. Tokyo Gas surged 2.5percent, Ajinomoto advanced 1.4 percent and Eisai soared 2.1 percent.Steelmakers fell 0.3 percent, while transportequipment makers lost 0.04 percent, underperformingthe overall market since the U.S. tariffs were announced onMarch 1. (Reporting by Hideyuki Sano and Ayai Tomisawa; Editing by SamHolmes)

Messaging: ayai.tomisawa.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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