Nikkei rises sharply as dollar gains on hopes for Fed rate hike

lunes 21 de marzo de 2016 22:09 GYT

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By Ayai Tomisawa

TOKYO, March 22 (Reuters) - Japan's Nikkei share average rose sharply on Tuesday as the dollar extended its rebound against the yen after two U.S. Federal Reserve officials supported the case for an interest rate hike sooner than later.

The Nikkei rose 2.1 percent to 17,066.07 by mid-morning trade after falling 1.3 percent on Friday. Markets in Japan were closed on Monday for a national holiday.

A rise in Wall Street on Friday also helped investor sentiment, with the S&P 500 closing positive for the year for the first time in 2016.

Atlanta Fed President Dennis Lockhart said there was sufficient economic momentum to justify a further rate hike "possibly as early as the meeting scheduled for end of April".

San Francisco Federal Reserve Bank President John Williams told Market News International that April or June would be "potential times for a rate hike."   Continuación...