Tokyo: Stocks reverse China-linked dive
[TOKYO] Tokyo stocks swung into positive territory by the close Thursday as Beijing moved to stop a hair-raising drop in Chinese shares that sparked a regional sell-off and fuelled fears about the country's economy.
The Nikkei 225 index at the Tokyo Stock Exchange, which tumbled more than three per cent at the start, rose 0.60 per cent, or 117.86 points, to close at 19,855.50.
The broader Topix index of all first-section issues pared earlier losses to end 0.16 per cent, or 2.59 points, lower at 1,579.89.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data