Nikkei scales fresh 3-week high on futures-led buying; Canon up
Wed Sep 4, 2013 7:26am BST
TOKYO, Sept 4 (Reuters) - The Nikkei share average edged up
to a fresh three-week high on Wednesday, helped by futures-led
buying, marking its third-straight day of gains.
The benchmark Nikkei ended up 0.5 percent at
14,053.87, its highest closing since Aug. 14. The index has
surged 35 percent this year, but is 12 percent below its May
peak.
The broader Topix advanced 0.6 percent to 1,156.30
in relatively light trade, with 2.27 billion shares changing
hands.
Domestic demand-sensitive sectors, such as real estate and
financials, led the gains.
Index heavyweight Canon Inc also gained 3.8 percent
after the world's largest digital camera maker announced a share
buyback program, worth up to 50 billion yen ($501 million).
Still, gains were capped by caution ahead of U.S. payroll
data for August due out on Friday.