Japan’s Topix index rose for a third day after a gauge of U.S. consumer confidence advanced to a six-year high, boosting investor optimism about the outlook for the world’s largest economy.
Japan’s Topix index capped a fifth weekly advance, its longest stretch of gains in almost a year. The measure closed little changed today, with developers and carmakers rising while oil and producers fell.
Japanese shares gained, with the Topix index rising for a tenth day, its longest winning streak since August 2009, as the yen weakened and steelmakers advanced.
"U.S. economic recovery is gathering momentum with the housing sector, which was considered pretty bad, improving."
- Hiroichi Nishi on Aug 19, 2014