Nikkei index of Japanese shares on Friday, boosted by optimism about a recovery in the U.S. economy while raising the integration of the domestic steel industry morale amid hopes that the Japanese corporate sector will restructure and mergers. The Nippon Steel and Sumitomo Metal Industries after the close on Thursday they will merge next year to set up the second-largest steelmaker in the world after Arcelor Mittal in order to reduce costs and speed up expansion abroad.
The Nikkei index 1.1 percent or the equivalent of 112.23 points to 10543.59 points. And increased the broader TOPIX index by one percent to hit 936.57 points
Nikkei rises with improved morale because of the merger in the steel sector
Posted by ahmed essam on 12:53 PM
