TOKYO (Reuters) – The Tokyo Stock Exchange ended with limited progress in which a sitting uncertain geopolitical tensions have mitigated the risk appetite and investors are been constrained by data on the economy of Japan showing the greatest decline in three years.
The Nikkei index closed in increase of 0.35% to 15,213.63 points, while the broader Topix index gained 0.35% to 1262.13 points.
The Japanese economy shrank by an annualized 6.8% in the second quarter, most fall by the devastating earthquake in March 2011, due to lower demand linked to the rise in sales taxes. The figure is slightly better than expected 7.1% but is expected to lead to new pressures on the Bank of Japan because it prolongs its expansionary monetary policy if the weakness in exports and consumption will continue.
Well the trend of Sony Corp jumped 2.6% after showing that sales of its PlayStation 4, launched in November, have surpassed 10 million units.
In sharp contrast ULVAC Inc, fell by 24% after the producer of photovoltaic energy plants said its net profit in the year ending in June will result in a decrease of 43.4% on-year to 6, 5 billion yen.
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