Nikkei Kicks Off New Year With Sharp Gains

Japan equities started the new year sharply higher on Wednesday, amid a robust outlook for the U.S. economy and a positive signal for Japanese manufacturing, as well as expectations of continued yen weakness.

The Nikkei Stock Average ended up 2.5% at a 13-month closing high, helped by gains in financial and export-oriented stocks, as trading resumed after a four-day holiday weekend. It was the first time since 2013 that the index…

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