TOKYO cheap jordan 5 wine , Nov. 25 (Xinhua) -- The Nikkei stock index added 0.29 percent Tuesday following a three-day weekend, with the market buoyed by a record close on Wall Street, the yen's weakness and hopes for more global stimulus measures.
The Nikkei 225 index added 50.11 points to close at 17,407.62, while the broader Topix index of all first-section issues gained 0. 64 percent, or 8.97 points cheap jordan 5 bordeaux , to close at 1,409.15.
Brokers here said that the effects of Prime Minister Shinzo Abe 's dissolving of the lower house of parliament and calling a snap election pegged for Dec. 14, had largely been factored in to market players' positions, and that pre-election times, historically, are usually a boon for the stock market here as parties tend to unroll new economic policies and firm up stimulus measures.
In addition jordan 5 retro wine , they said that trading got off to a good start on the back of Wall Street's closing highs and the yen's retreat versus its U.S. counterpart, as well as being supported by hopes for new stimulus measures from the eurozone and China.
Mario Draghi, the European Central Bank president, strongly hinted on Friday that he and his colleagues were preparing a new round of powerful monetary stimulus to kickstart the spluttering eurozone economy and his remarks sent European stocks and bonds higher thereafter.
"The European Central Bank would do what we must to raise inflation and expectations as fast as possible," Draghi was quoted as telling a banking conference in Frankfurt.
The ECB also said Friday that it has started buying asset- backed securities, a move widely believed to be aimed at creating a more accommodative environment for banks to borrow and encourage them to lend to businesses so they can invest and help shore up the economy.
Local brokers here also said that the Chinese central bank lifted global markets by announcing its first interest rate cut in two years.
Regarding the ECB moves jordan 5 retro bordeaux , Koji Toda, chief fund manager at Resona Bank Ltd., said "Ample liquidity supports the Japanese stock market. The market continues to be resilient. Europe shows strong signs for monetary easing like Japan".
In twine with China's latest moves, Ayako Terada from Nomura Securities Co.'s investment research department added that, " Overall market sentiment is not bad thanks to China's surprise rate cut and growing speculation for additional monetary easing by the European Central Bank."
In currency markets, the U.S. dollar was at 117.93 yen jordan 5 wine pre order , dropping from the 118.25 yen-mark logged in New York on Monday.
This gives exporters a boost as their earnings outlooks improve on a weaker yen as profits are augmented when repatriated from overseas back into the domestic currency.
Toyota accelerated 1.42 percent to 7,190 yen, while smaller rival Honda advanced 1.4 percent to 3,741 yen.
Consumer electronics behemoth Sony leapt 6.12 percent to 2,582 yen, after Chief Financial Officer Kenichiro Yoshida's laid out plans to restructure the company and energize sales of its popular PlayStation 4 games console. Following this jordan 5 bordeaux pre order , Jefferies Group raised its share price forecast target by 29 percent to 3,520 yen.
China-linked issues found traction Tuesday, with Hitachi Construction Machinery jumping 4.8 percent to 2,573 yen, while Komatsu, an industrial machinery maker jordan 5 wine for sale , climbed 3.6 percent to close at 2,800 yen.
Dai-ichi Life Insurance was another notable gainer, adding 2.6 percent to 1,747 yen, following a related index posting the biggest gain among 33 industry groups in the Topix.
Meanwhile, Takata surged 16.2 percent to 1 jordan 5 bordeaux for sale ,455 yen, as the embattled auto parts maker, accused of supplying faulty airbags connected to the fatalities of numerous people and the injuries of hundreds more, takes on U.S. Senators by willingly handing over 14 years of data on the alleged faulty airbags.
Trading volume on Tuesday increased to 2.71 billion shares on the Tokyo Exchange's First Section, up from Friday's volume of 2. 51 billion shares, with advancing issues beating decline ones by 1 jordan 5 wine shoes , 090 to 624.
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