Tokyo Stocks Open Higher
Tokyo, (UrduPoint / Pakistan Point News - 22nd Feb, 2021 ) :Tokyo stocks opened higher on Monday as investors adjusted positions following three days of rout and after Wall Street shares finished flat.
The benchmark Nikkei 225 index was up 1.19 percent or 356.15 points at 30,374.07 in early trade, while the broader Topix index edged up 1.16 percent or 22.42 points to 1,951.37.
"Investors are seen adjusting their positions after shares were oversold," said Yoshihiro Ito, chief strategist at Okasan Online Securities.
But "the G7 leaders announced over the weekend that they will continue financial support for the economic recovery", which will "back up the upward trend", he said.
On Wall Street, the Dow ended flat at 31,494.32 while the broad-based S&P 500 ended down 0.2 percent and the tech-rich Nasdaq index finished up 0.1 percent.
Sony climbed 0.75 percent to 12,055 yen.