Japan shares end sharply high

Tokyo, Feb 15 (IANS) Japan shares ended the trading on Monday sharply higher with its benchmark Nikkei stocks index surging over 1,000 points and rebounding over the 16,000 line.

Sentiment here was boosted by a weaker yen, the upbeat US retail sales data and rebound in oil prices, Xinhua reported.

The 225-issue Nikkei Stock Average skyrocketed 1,069.97 points, or 7.16 percent, higher from Friday to 16,022.58.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 95.95 points, or 8.02 percent, to 1,292.23.

The government data on Monday said the Japanese economy shrank annualised 1.4 percent in the fourth quarter of 2015, triggering selling of the Japanese yen and pushing the US dollar to just below the 114 yen line around 3.00 p.m. (local time from) 112 yen on Friday.

A weaker yen always boost buying of export-oriented issues.

All issues on the main board gained ground, leading by insurance, rubber products and equities issues.

The day’s turnover was about 3,153.6 billion yen ($27.68 billion).

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