Nikkei Jumps On Foreign Investor Bullishness

Japan market summary for Thursday (Sept. 27)
Nikkei 225 Stock Average: +396.48 (+2.4%) to 16,832.22, highest close since Aug. 14
Nikkei 225 futures Osaka: +360 (+2.2%) to 16,860, Singapore (SGX) +350 (+2.1%) to 16,845, Chicago (CME) *9/26 +205 (+1.25%) to 16,605
TOPIX: +39.13 (+2.5%) to 1,615.15; Advancers 1,510 x decliners 169 (unch. 40), New highs 32 x new lows 9; all 33 sectors posted gains
Jasdaq: +25.19 (+1.4%) to 1,854.38
Yen: weakened about 0.3% against US$ to around 115.45 level late in Tokyo; weakened about 0.4% against euro to 163.25 level
Notes: Very bullish trading and broad gains as the TOPIX recovered the 1,600 level and then some. TOPIX 1st and 2nd sections extended gains into a third session; TOPIX 2nd section had its best day of the calendar year. Foreign buying as well as short covering (seemingly including foreign investors) fueled the rally. There were reports end of the quarter “window dressing” is partially attributable to the rally. MOTHERS and HERCULES posted outsized gains again, +5.5% and +5.6%, respectively.