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.
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: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling