Pedestrians are reflected on an electronic board displaying Nasdaq Composite numbers in Tokyo on April 30, 2021. (Photo by Yuki IWAMURA / AFP)
Tokyo stocks opened higher on Monday supported by rallies on Wall Street with investors eyeing the pandemic’s impact on the global economy. x
The benchmark Nikkei 225 index was up 0.26 percent, or 76.15 points, at 29,433.97 in early trade, while the broader Topix index was up 0.27 percent, or 5.23 points, at 1,938.28.
“Japanese shares are seen supported by rallies on Wall Street in early trade but there’s no clear sense of direction,” said Okasan Online Securities in a note.
Investors were weighing factors including the impact of the coronavirus on the Indian economy and on the US labour market where vaccinations are allowing the economy to resume activity, it added.
Tokyo stocks advanced further on Monday, reflecting a climb on Wall Street late last week.
The 225-issue Nikkei average rose 160.52 points, or 0.55%, to end at 29,518.34, extending its winning streak to a third straight market day. The key market gauge inched up 26.45 points Friday.
The Topix index of all issues on the first section of the Tokyo Stock Exchange ended up 19.22 points, or 0.99%, at 1,952.27, following a 5.65-point rise the previous trading day.
Tokyo stocks got off to a firm start, aided by rises in all three major U.S. stock indicators Friday of which the Dow Jones industrial average and the S&P 500 index rewrote their record highs. The U.S. indexes’ strong performances came as growth stocks, in particular, attracted buying, after the Labor Department’s announcement of far weaker-than-expected growth in April’s U.S. nonfarm payrolls eased concerns over a rise of long-term interest rates.
Synopsis
The Nikkei share average rose 0.55 per cent to close at 29,518.34, while the broader Topix jumped 0.99 per cent to 1,952.27.
AP
Japanese automakers are set to report their earnings this week, starting with Nissan Motor on Tuesday and Toyota Motor on Wednesday, the same day as SoftBank Group .
TOKYO: Japanese shares gained on Monday, as a strong finish last week on Wall Street boosted risk appetite, while local investors looked to corporate earnings from automakers and other major firms for signs of progress in a pandemic-hit economy. The Nikkei share average rose 0.55 per cent to close at 29,518.34, while the broader Topix jumped 0.99 per cent to 1,952.27.
2021-05-07 13:06:11 GMT2021-05-07 21:06:11(Beijing Time) Xinhua English
TOKYO, May 7 (Xinhua) Tokyo stocks closed higher Friday on Wall Street s upbeat overnight performance and some encouraging Japanese firms earnings reports, although gains were again capped by concerns over Japan s extended and expanded COVID-19 state of emergency amid jitters ahead of U.S. jobs data for April.
Dealers here said investors sought out issues more favorably valued following their advance the previous day which saw investors selling for profits.
They added that firms reporting solid earnings and profit outlooks gained particularly traction, along with cyclical issues widely exposed to global economic trends on continued hopes for the worldwide recovery of the economy from the pandemic.
2021-05-06 13:36:20 GMT2021-05-06 21:36:20(Beijing Time) Xinhua English
TOKYO, May 6 (Xinhua) Tokyo stocks closed higher Thursday, with the benchmark Nikkei stock index ending at a two-week high as investors piled into cyclical issues following the Dow Jones Index hitting a record-high overnight, although gains were capped by the tech-heavy Nasdaq losing ground.
The 225-issue Nikkei Stock Average gained 518.74 points, or 1.80 percent, from Friday to close the day at 29,331.37, marking its highest closing level since April 19.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 29.16 points, or 1.54 percent, to finish at 1,927.40.
Local brokers said that issues that stand to gain from a global economic recovery found favor on hopes for countries vaccine rollouts gathering momentum and the easing of virus restrictions in some major economies.