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Japan’s Nikkei continues rise, shrugs off negative economic data

Japan’s Nikkei continues rise, shrugs off negative economic data
Photo Credit: Arabianeye-Reuters

Dubai-Mubasher: Japan stocks closed Thursday higher despite negative economic data.

Japanese industrial output fell unexpectedly for the second straight month in August, raising the possibility that the world’s third-largest economy will fall into a recession for the second time in as many years and adding to fears about global growth.

Nikkei index climbed 1.92% to 1,7722 points, maintaining its positive performance since the beginning of this week.

TOPIX index rose 2.2% to 1,443, and JPX400 picked up 2.3% to 1,2919.