Japan Nikkei ends in green as buybacks offset global recession woes
Headline shares of the Japan share market closed marginally higher on Friday, 16 August 2019, as mounting concerns about a global recession offset by buying back issues oversold a day earlier. At closing bell, the 225-issue Nikkei Stock Average rose 13.16 points, or 0.06%, to 20,418.81, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange added 1.44 points, or 0.1%, at 1,485.29.
Total 21 sub-indexes out of 33 sub-indexes of Topix index industry category retreated into positve territory, with Securities & Commodities Futures, Real Estate, Construction, Mining, and Oil & Coal Products issues being notable gainers, while Insurance, Rubber Products, Nonferrous Metals, and Air Transportation issues were notable losers.
Investors chased for bottom f ...