Tokyo Stocks Open Higher On Virus Hopes
Fahad Shabbir (@FahadShabbir) Published May 25, 2020 | 09:40 AM
Tokyo, (UrduPoint / Pakistan Point News - 25th May, 2020 ) :Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo.
The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00.
Prime Minister Shinzo Abe's government is widely expected to lift the state of emergency for Tokyo later in the day, after last week lifting it for the western Osaka region.
Traders are caught between concerns over a second coronavirus wave and US-China tensions on one hand and hopes that lifting the emergency will spur economic recovery in Japan, said Hideyuki Ishiguro, senior strategist at Daiwa Securities.
In Tokyo, major shares were higher, with Uniqlo casual wear operator Fast Retailing trading up 1.26 percent at 53,670 yen, Toyota gaining 1.03 percent at 6,354 Yen and Sony higher by 0.94 percent at 6,837 yen.
The Dollar fetched 107.73 yen in Asian trade, and 107.56 yen in New York on Friday.
On Friday, US stocks finished mostly higher, with the tech-rich Nasdaq Composite Index leading major indices, gaining 0.4 percent to finish at 9,324.59, an increase of more than 3.4 percent over the week.
The Dow shed less than 0.1 percent to end at 24,465.16, while the broad-based S&P 500 added 0.2 percent at 2,955.45.
Related Topics
Recent Stories
SC orders end of encroachments in Karachi
Nazish Jahangir denies viral screenshots, calls them fake
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
More Stories From Miscellaneous
-
PDMA predicts gusty wind, rain with thunder, hails
2 days ago -
Iranian president Raisi given guard of honour at PM House
3 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
4 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
4 days ago -
Cattle farming vital to alleviate poverty in rural areas
4 days ago -
Pakistan: A land of tourism, archeological wonders
4 days ago
-
Transforming education sector: from job hunters to job creators
6 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
10 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
11 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
11 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
14 days ago -
Radio Bahawalpur to broadcast Eid programs
16 days ago