Mubasher: Japanese stocks closed Monday with a record rise, shrugging off the drop in the country’s economy in the fourth quarter of the fiscal year 2015.
The country’s growth domestic product (GDP) shrank 1.4% in Q4-15 and 1.3% in Q3-15, quarter-on-quarter, according to a statement by the cabinet of Japan.
The GDP also fell 1.5% year-on-year in Q4-15, versus 1.8% y/y in Q3-15.
The benchmark Nikkei rocketed 7.16% to the level of 16,022.58 points, the Broader TOPIX Index climbed 8.02% to 1,292.23 points and the JPX-Nikkei Index 400 jumped 8.30% to 11,675.35 points.
Translated by: Elwy el-Manzalawy
