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Nikkei rises to 3-1/2-week high

Monday, August 25 08:51:29

Tokyo stocks rebounded to a 3-1/2-week high on Monday, led by exporters and others as the yen struck a seven-month low against the dollar after a gathering of central bankers underscored the diverging path of Japanese and U.S. interest rates. The benchmark Nikkei average climbed 0.5 percent to 15,613.25 points, its highest closing level since July 31. It shed 0.3 percent on Friday, breaking a nine-day winning streak - the longest since December.

However, the trading activity was subdued, with trading volume hitting the lowest in a week. The broader Topix gained 0.4 percent to 1,291.31, while the JPX-Nikkei Index 400 also added 0.4 percent to 11,751.23. (Reuters)