Tokyo Stocks Open Higher On Gains In US High Tech Shares
Faizan Hashmi 2 months ago Thu 29th July 2021 | 10:10 AM
Tokyo, (UrduPoint / Pakistan Point News - 29th Jul, 2021 ) :Tokyo stocks opened higher on Thursday as investors took heart from gains in US high-tech shares after the Fed decided against any major changes to its monetary policy.
The benchmark Nikkei 225 index was up 0.63 percent or 172.60 points at 27,754.26 in early trade, while the broader Topix index gained 0.51 percent or 9.82 points to 1,929.47.
"Rallies in US high-tech shares are providing a positive push for the Tokyo market but an expansion in virus cases in Japan could offset the positive mood, leading to lack of a clear direction in trade," Mizuho Securities said in a note.
Fujitsu was up 0.58 percent at 19,925 yen and Panasonic was up 1.17 percent at 1,241.5 yen ahead of their earnings reports later in the day.
On Wall Street, US stocks ended mixed with the Dow closing down 0.4 percent at 34,930.93, the broad-based S&P ending flat and the tech-rich Nasdaq gaining 0.7 percent.