Nikkei climbs over 2 pct, moves away from 7-wk lows

TOKYO, Nov 4 (BestGrowthStock) – Japan’s Nikkei average rose 2.2
percent on Thursday on a wave of short-covering as the Federal
Reserve’s monetary easing passed without causing ructions in the
currency market and as investors took heart from solid U.S.
economic data.

Analysts said foreign investors, including a big European
name, were principle players behind the Nikkei’s gains away from
seven-week lows hit earlier this week.

In a broad-based rise, the benchmark Nikkei (.N225: ) gained
198.80 points to 9,358.78, its best daily performance since Sept.
15, a day when the index rose 2.3 percent after Japanese
authorities intervened in the currency market for the first time
in six years.

On Tuesday, the Nikkei ended slightly higher, after falling
as low as 9,123.62, its lowest intraday level since Sept. 9.

The broader Topix (.TOPX: ) added 1.6 percent to 816.33, after
the index booked its lowest finish in 19 months at 803.12 on
Tuesday.

Markets in Tokyo were closed on Wednesday for a public
holiday.
(Reporting by Aiko Hayashi; Editing by Joseph Radford)

Nikkei climbs over 2 pct, moves away from 7-wk lows