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Japanese shares rebounded on Thursday

2018-03-08 07:45 am | Resource: NEWS | No Views : 329

Japanese stocks rebounded on Thursday in the hope that impending US tariffs on steel and aluminum would be more moderate than previously thought, but the market gained gains as caution ahead of Washington's official announcement.

The Nikkei <.N225> was down 0.54 percent at 21,368, after rising 1.11 percent earlier in the day. The broader Topix index gained 0.35 percent to 1,705, although turnover was the lowest in almost two weeks.

Investors grew in shares such as Nintendo, which rose 4.1 percent, and Murata Manufacturing, which gained 2.5 percent.

The Topix growth index was up 0.56 percent, outperforming only 0.14 percent, Mitsubishi fell 0.9 percent and Mitsui & Co. fell 0.4 percent.

Japan's revised GDP data showed that the economy grew by 1.6 per cent a year, more than the initial estimate of 0.5 per cent, in the last quarter of 2017, owing to the revision of capital expenditure and upward inventory

A survey of the people's assessment of the Japanese economy unexpectedly fell in February to the lowest level in 10 months, according to survey figures from the Cabinet Office Thursday.

The current survey of economic observers fell to 48.6 in February from 49.9 in January, while economists expected the index to improve to 50.5.

Moreover, the last reading was the lowest since April of last year, at 48.5 points, and any reading above 50 indicates optimism and a score of less than 50 indicates pessimism.

The outlook index fell to 51.4 in February from 52.4 in the previous month. It was expected to drop to 51.7

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