manufacturing index: On Friday, the key market gauge fell 30.77 points, according to The Japan Times. The market was closed on Monday and Tuesday for New Year holidays. The 225-issue Nikkei average jumped 479.79 points, or 2.51 percent, to end at 19,594.16, its highest finish since Dec. 7, 2015. The Topix index of all first-section issues closed up 35.87 points, or 2.36 percent, at 1,554.48, after rising 0.22 the previous trading day. Purchases by foreign investors who returned to the Tokyo market after Christmas holidays also helped the surge in the Nikkei average, brokers said. Stocks attracted brisk purchases on Wednesday after New York equities rebounded overnight, reflecting a better-than-expected reading of the U.S. Institute for Supply Management's manufacturing index for December, released Tuesday.
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Tagged under manufacturing index, supply management topics.