Japanese Stocks Rise Following U.S. Stocks

Japanese stocks ended trading higher Thursday, November 4, tracking the impact of a rally in Wall Street after the US Federal Reserve revealed plans to taper, but the decline in shares of the Kawasaki Kisen shipping company, despite recording a record quarterly profit, limited the gains.

The Nikkei index rose 0.93% to close at 2,9794.37 points, while the broader Topix index jumped 1.18% to 2055.56 points.

Heavy losses led the shipping sector to fall 6.25%, becoming the worst-performing among the Tokyo Stock Exchange’s 33 sub-sectors.