Nikkei bounces back on earnings to cap week hit by epidemic fears [Reuters]
Nomura Holdings Inc ADR American Depositary Shares (NMR)
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Source: Reuters
Nikkei bounces back on earnings to cap week hit by epidemic fears TOKYO, Jan 31 (Reuters) - A slew of upbeat corporate earnings and forecasts helped Japanese shares bounce back on Friday, although lingering fears over the coronavirus epidemic kept the market on track for its biggest weekly drop in nearly six months. By midday, the Nikkei share average rose 1.26% to 23,268.38, though it was still down 2.35% for the week, the biggest since early August if sustained by close. The broader Topix gained 0.9% to 1,689.86. Investors remained on the edge over how much the novel flu-like virus could disrupt the global economy, with the World Health Organisation declaring it a global health emergency. Fujitsu jumped 12% to an 18-year high after the information technology conglomerate raised profit guidance and dividend forecasts, and announced a share buyback. Anritsu soared 6.4%, also on upbeat earnings reports due to strong 5G-related demand. Nomura Holdings rose 0.9% after Japan’s biggest bro
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