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Tokyo: Shares rise on China rate cut, upbeat Japan earnings
[TOKYO] Tokyo shares closed 0.65 per cent higher on Monday, extending a global rally triggered by a Chinese interest rate cut while some major Japanese firms including Panasonic and Hitachi soared on news they would report bumper profits.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 121.82 points to 18,947.12, after it lost some of its gains earlier in the day on profit taking.
The broader Topix index of all first-section shares closed up 0.72 per cent, or 11.15 points, to 1,558.99.