Japan’s Topix Rises Second Day over Easing Tensions

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.

Bloomberg

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