Tuesday, January 19, 2016

Nikkei gains for 1st time in four Days as Investors Hunt for Bargains

2:07 PM


Japanese stocks rose on Tuesday for the first time in four days as investors bought recently battered stocks, and as China's fourth-quarter growth data met expectations.
The Nikkei share average rose 0.6 percent to 17,048.37 points, snapping a three-day losing streak.  China's economy grew 6.8 percent in the fourth quarter from a year earlier, Tuesday's gross domestic product ( GDP) data showed, the slowest growth since 2009. But there were no hints of a hard landing as some investors have feared.
 
The broader Topix added 0.2 percent to 1,390.41 and the JPX-Nikkei Index 400 advanced 0.2 percent to 12,524.07.

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