Nikkei snaps 4-day losing streak after Fed, strong 1Q blue-chip earnings

miércoles 29 de julio de 2015 22:30 GYT
 

* Exporters, brokerages jump on strong first quarter results

* Panasonic tanks after missing expectations

By Ayai Tomisawa

TOKYO, July 30 (Reuters) - Japan's Nikkei share average rose briskly on Thursday morning to break a four-day losing streak after the U.S. Federal Reserve said the U.S. economy continued to strengthen, while strong blue-chip companies buoyed risk appetite.

The Nikkei share average rose 1.2 percent to 20,540.92 in midmorning trade.

Following its latest two-day policy meeting, the Fed said in its statement the U.S. economy and job market continue to strengthen and left its key interest rate unchanged.

"The Fed's outcome was ideal for the stock market," said Hiroichi Nishi, general manager at SMBC Nikko Securities, adding that market also takes comfort from Chinese shares which he said were stabilized for the time being.

Meanwhile, investors looked to Japanese blue-chip companies' earnings for the April-June quarter.

Results were mostly positive.   Continuación...