Japan’s Nikkei share average rises 1%

Japan’s Nikkei share average rose on Monday, recouping some of the previous session’s sharp losses, although declines in chip-related stocks capped gains.

The Nikkei closed up 1% at 37,438.61, after declining briefly earlier in the session. Of the index’s 225 components, 196 stocks rose and 28 fell, with one flat.

“The index extended its gains toward the close as investors bought back stocks that fell too much,” said Shigetoshi Kamada, general manager of the research department at Tachibana Securities.

Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. 

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