Oct
18
Japanese Stocks Climb for Second Day Led by Insurers, Lenders
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S&P 500 Index rises first time in 10 days to eight-week high
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Speculation grows Fed will delay U.S. rate hike until 2016
Japanese stocks rose for a second day, following a rally in U.S. equities amid mounting speculation the Federal Reserve will put off raising interest rates until 2016. Insurers and consumer lenders led gains.
The Topix Insurance climbed 2.5 percent as all but two of the 33 industry groups on the broader gauge rose. Nintendo Co. gained 4 percent after joining with others to invest as much as $30 million to help game designer Niantic Inc. develop mobile games including Pokemon Go. FamilyMart Co. sank 5.1 percent after saying it will buy Uny Group Holdings Co. for about 171 billion yen ($1.4 billion) in stock to create Japan’s second-largest convenience store chain…
Japanese Stocks Climb for Second Day Led by Insurers, Lenders
