Japan’s Topix index rose, extending the biggest gain in almost four months yesterday, as investor relief over easing tensions in Ukraine spread to the world’s second-biggest equity market.
Credit Saison Co. climbed 2 percent after Daiwa Securities Group Inc. raised the consumer-finance company’s equity rating. Mixi Inc. was untraded and poised to rise after the social-network operator closed at its upper limit yesterday on raising its first-half forecasts. Ebara Corp. slumped the most on the Nikkei 225 Stock Average (NKY) after the pumpmaker posted a first-quarter loss.
The Topix (TPX) added 0.5 percent to 1,258.47 as of 12:42 p.m. in Tokyo, with all but two of its 33 industry groups gaining. The measure jumped 2 percent yesterday, the most since April 16. The Nikkei 225 rose 0.3 percent today to 15,179.10. The yen fell 0.1 percent to 102.32 per dollar after sliding 0.2 percent yesterday.