Wednesday, May 24, 2017

Nikkei edges up after yen softens, SoftBank surges

TOKYO, May 25 (Reuters) - Japanese stocks edged up on Thursday as investors bought futures after the yen weakened in Asian trade, while a surge in index-heavyweights such as SoftBank supported sentiment. Information technology conglomerate SoftBank jumped as much as 4.5 percent to hit a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the Nikkei after Bloomberg reported that the company had built a $4 billion stake in Nvidia.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News

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