2016.10.2605:57:00UTC+00​Nikkei Rises as Weak Yen Shores up Sentiment

The Nikkei share average trimmed its losses earlier in the session and marginally advanced 0.15% to 17, 391.84 as the weak yen uplifted market sentiment. The Japanese index managed to hit its highest level since April 28 and also posted its third consecutive days of gains as the yen sagged to a three-month low versus the U.S. dollar, increasing exporters' prospect of a boost in earnings.

The mining sector was the worst performer during the session, shedding 1%, hit by the drop in global oil prices. Sectors responsive to domestic demand performed better, with the construction sector adding 1.1%.

Prospects of massive ETF buying by the Bank of Japan boosted the broader Topix which advanced 0.4% to 1, 382.70, while the JPX-Nikkei Index 400 gained 0.4% to 12, 395.97.