Tokyo Stocks Open Higher Tracking US Gains
Fahad Shabbir (@FahadShabbir) Published February 25, 2021 | 09:10 AM
Tokyo, (UrduPoint / Pakistan Point News - 25th Feb, 2021 ) :Tokyo stocks opened higher on Thursday, tracking rallies on Wall Street, which was boosted by news that several million doses of a new coronavirus vaccine could be on the way.
The benchmark Nikkei 225 index was up 1.28 percent or 381.25 points at 30,052.95 in early trade, while the broader Topix index gained 1.13 percent or 21.53 points to 1,924.60.
Documents released by the US food and Drug Administration on Wednesday showed the single-shot Johnson & Johnson vaccine is highly effective in preventing severe Covid-19, including newer variants.
"Japanese shares are seen rallying supported by gains in the US market," after Wall Street shares bounced back as investors were cheered by the news, said Toshiyuki Kanayama, senior analyst at Monex.
The Dollar fetched 105.98 Yen in early Asian trade, against 105.85 yen in New York late Wednesday.
In Tokyo, Takeda Pharmaceutical was up 0.36 percent at 3,618 yen after it said it had started a clinical trial in Japan of the Novavax Covid-19 vaccine.
Takeda also said it expects results from an ongoing Moderna trial in the first half of this year.
Suzuki was down 3.80 percent at 4,780 yen after it said its charismatic chairman Osamu Suzuki will retire after more than four decades at the helm of the Japanese carmaker.
On Wall Street, the Dow finished up 1.4 percent to close at 31,961.86, a new all-time high.
Recent Stories
Sindh home minister chairs law and order meeting
Bakht Kakar orders to ensure maximum facilities in livestock sector
NEPRA concludes hearing into FCA of DISCOs for March
Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
Chairman COPHC lauds MoMA’s efforts at Gwadar Port, Free Zone
CM’s aide directs steps to prevent domestic violence against women
LESCO detects 74,621 power pilferers in 220 days
Regional Police officer (RPO) Shariq Kamal Siddiqui holds open court
LESCO collects over Rs 4.36m from 189 defaulters in 24 hours
Secretary health urges public to follow precautionary measures to avoid spreadin ..
PM directs formation of committee for consultation with provinces on carbon cred ..
UAF to ink MoU with Ethiopian universities
More Stories From Business
-
IP rights crucial in achieving SDG : Jam Kamal
1 hour ago -
FBR’s data protection efforts commended by OECD assessment team
1 hour ago -
US stocks rebound on tech earnings, London hits new record
2 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
2 hours ago -
SBP to announce monetary policy on April 29
2 hours ago -
50pc cut in subsidy of BRT service likely: CM’s aide
3 hours ago
-
PSX gains 771 points
4 hours ago -
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
4 hours ago -
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
4 hours ago -
Coca-Cola invests an additional $22 million in Pakistan
4 hours ago -
SECP Introduces SECP-XS: A swift complaint resolution platform
4 hours ago -
SBP to announce monetary policy on April 29
4 hours ago