Nikkei hits 8-Month High On Yen’s Decline

Tokyo stocks continued higher for the third straight day on Thursday, with the Nikkei Stock Average rising 72.76 points, or 0.72%, to end the day at 10,123.28, the highest level since July 22.

The yen weakened to 84 against the dollar for the first time in 11 months. Investors bought shares of automakers, electrical appliance manufacturers and other exporters, on expectations that the depreciation of the yen will trigger an earnings improvement.

The benchmark index briefly rose more than 100 points, while the index for the second section of the Tokyo Stock Exchange hit a 2011-’12 high. These news have been compiled by Nikkei.com.