Japan’s Topix Closes Above 1,000 First Time Since 2008
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Japanese stocks rose, with the Topix Index closing above 1,000 for the first time since October 2008, as the U.S. services industry expanded at the fastest pace in a year amid optimism central banks will continue stimulus.
Honda Motor Co., a carmaker that gets 44 percent of its sales in North America, added 2 percent. Sharp Corp. soared 14 percent as the unprofitable television maker discussed a potential investment from Samsung Electronics Co., according to people familiar with the talks. Softbank Corp. surged 6.9 percent after Macquarie Securities said Japan’s third-largest mobile carrier may partner with Google Inc. and Amazon.com Inc.