Tokyo Stocks Open Higher On Optimism Over US-China Trade Talks
Fahad Shabbir (@FahadShabbir) Published January 21, 2019 | 09:51 AM
Tokyo, (APP - UrduPoint / Pakistan Point News - 21st Jan, 2019 ) :Tokyo stocks opened higher on Monday, extending global rallies on Friday as optimism grew over a breakthrough in efforts to defuse a US-China trade war.
The benchmark Nikkei 225 index rose 0.86 percent, or 177.53 points, to 20,843.60 in early trade while the broader Topix index was up 0.91 percent, or 14.11 points, at 1,571.70.
Investors were awaiting a set of economic indicators in China due later in the day "to see the potential impact from the trade frictions after China's exports and imports both shrank in December", said Tsuyoshi Nomaguchi, strategist at Daiwa Securities.
The market is also watching the International Monetary Fund's growth forecasts due later in the day, he added.
The Dollar fetched 109.62 Yen in early Asian trade, against 109.72 yen in New York late Friday.
Panasonic was up 3.16 percent to 1,092 yen and Toyota was up 0.92 percent at 6,861 yen after a weekend report that the electronic giant and the auto titan will set up a joint venture to manufacture batteries for electric vehicles.
Nissan was up 0.76 percent at 9,205 yen amid reports the French government has told Tokyo that it wants a merger between Renault and the Japanese auto giant following the arrest of former Nissan chairman Carlos Ghosn.
French Economy Minister Bruno Le Maire on Sunday dismissed the reports of merger talks, saying "the subject is not on the table".
In New York, the Dow closed up 1.4 percent at 24,706.35 on Friday.
Related Topics
Recent Stories
UHS declares MBBS first prof, MS urology exam results
Separate coaches to be hired for ODIs, Test and T20I formats
Finance Minister calls for reforming tax system to improve country's economy
PM calls for joint efforts to check smuggling, power theft
Infinix Unveils a Vibrant New Chapter with Wahaj Ali: The face of Infinix NOTE 4 ..
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
More Stories From World
-
Nations fail to reach pandemic accord: talks to resume April
15 minutes ago -
Ecuador prison riot leaves three dead, six injured
15 minutes ago -
Israeli air strikes kill 42 in North Syria
25 minutes ago -
Russia says UN sanctions on N.Korea have 'not helped' improve regional security
35 minutes ago -
Russia faces backlash as veto ends UN's N. Korea sanctions monitoring
55 minutes ago -
5.6-magnitude quake hits 126 km NNW of Kimbe, Papua New Guinea -- USGS
1 hour ago
-
German collector turns back time as clocks go forward
1 hour ago -
Over 70 kg of raw opium seized in central Myanmar
1 hour ago -
45 injured in train-bus crash in NW Cambodia: police
1 hour ago -
Romania finds possible drone fragments near Ukraine border
2 hours ago -
Japan dietary supplement maker probes five deaths
2 hours ago -
UNGA's revitalization key to promoting world peace, security: Pakistan
2 hours ago