Nikkei gains but market optimism tested by valuations
Monday, 20 January 2020 09:47 WIB | MARKET UPDATE |Saham Jepang

Japanese shares edged higher on Monday, due to strong U.S. housing data and investor optimism following last week™s U.S.-China trade deal, though the market™s valuations are getting stretched.

The Nikkei share average rose 0.19% to 24,087.51, staying near its 15-month high of 24,115.95 touched last week. The broader Topix gained 0.49% to 1,743.98 though trade was slow due to a U.S. market holiday on Monday.

The gains came on the back of Wall Street™s record close on Friday after data showed U.S. homebuilding surged to a 13-year high in December.

Source: Reuters

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