Nikkei rises as MSCI review supports sentiment
Thursday, 12 June 2014
TOKYO, June 11 (Reuters): Japanese shares bounced off a one-week low on Wednesday supported by news that Japan will retain its status as the only developed market in the region in MSCI stock indexes, checking any potential knee-jerk rotation out of Tokyo equities.
MSCI announced that it was removing South Korea and Taiwan from its review list for reclassification to developed markets.
The Nikkei gained 0.5 per cent to 15,069.48.
The broader Topix added 0.8 per cent to 1,239.07, while the new JPX-Nikkei Index 400 advanced 0.8 per cent to 11,280.65.