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Nikkei rises for 10th day

Friday, August 22 09:23:21

Japan's Nikkei share average rose for the 10th consecutive session on Friday morning thanks to a record close on Wall Street after upbeat U.S. economic data. Shinsei Bank outperformed the market, rising 2.3 percent after the Nikkei business daily said the bank is planning to bid for Citigroup's Japanese retail banking operations, hoping to take over the wealthy clientele the U.S. bank has built up over decades.

Overall, trading was subdued as investors were focused on Federal Reserve Chair Janet Yellen's speech on Friday at the annual gathering of central bankers in Jackson Hole, Wyoming. The Nikkei tacked on 0.2 percent to 15,611.35, moving close to a three-week high of 15,759.66 hit on July 31. It rose for a tenth day, the longest winning streak since 1988. (Reuters)

For more visit: www.businessworld.ie