By Reuters Staff
(Refiles to correct paragraph 1 spelling of company Nitto Denko)
TOKYO, Jan 27 (Reuters) - Japanese stocks closed higher on Wednesday, on hopes of better corporate results after the International Monetary Fund raised its forecast for global growth, while shares of Nitto Denko jumped following a revision in its earnings outlook.
The Nikkei share average ended 0.31% higher at 28,635.21, while the broader Topix gained 0.65% to 1,860.07.
The International Monetary Fund (IMF) raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year would be nearly a full percentage point less severe than expected.
“Many of the Japanese stocks are sensitive to the global economy. Investors are taking a fresh look at Japanese shares after the IMF’s global economic outlook,” said Hideyuki Ishiguro, senior strategist, Daiwa Securities.
Japan share market finished session higher on Wednesday, 27 January 2021, as investor sentiment was bolstered by the International Monetary Fund upgrade of growth estimates for Japan and the global economy. Meanwhile, continued hopes for upbeat corporate earnings from major domestic firms also improved investor sentiment.
At closing bell, the 225-issue Nikkei Stock Average advanced 89.03 points, or 0.31%, to 28,635.21.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 12.07 points, or 0.65%, to 1,860.07
In its latest World Economic Outlook published Tuesday, the IMF now expects the global economy to grow 5.5% this year. That s a 0.3 percentage point increase from October s forecasts.
De japanske aktier steg onsdag morgen, efter at Den internationale Valutafond, IMF, lavede en prognose om stigende global vækst. Mange japanske aktier er følsomme over for den internationale udvikling. IMF mener, at den globale vækst i år bliver et procentpoint bedre end forventet sidste år. Uddrag fra Fidelity/Reuters: Japan shares end higher as IMF forecast … Japanske aktier steg ved udsigt til større global vækst Læs mere »
Japanese stocks closed higher on Wednesday, on hopes of better corporate results after the International Monetary Fund raised its forecast for global growth, while shares of Nitto Denko jumped following a revision in its earnings outlook.
《日股》IMF撐腰 日經震盪收紅 - 財經 chinatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinatimes.com Daily Mail and Mail on Sunday newspapers.