Tokyo Stocks Open Higher, Yen Weakens Again
Sumaira FH Published April 12, 2024 | 10:50 AM
Tokyo, (APP - UrduPoint / Pakistan Point News - 12th Apr, 2024) Tokyo stocks opened higher on Friday after US tech shares gained, while the Yen weakened against the dollar.
The benchmark Nikkei 225 index was up 0.65 percent, or 257.37 points, at 39,700.00 in early trade, while the broader Topix index added 0.50 percent, or 13.77 points, to 2,760.73.
"The Japanese market is expected to start with gains led by rallies in US tech shares," Monex senior market analyst Toshiyuki Kanayama said.
The Dollar fetched 153.13 yen in early Asian trade, against 153.25 yen in New York. The greenback earlier hit 153.33 yen, another 34-year low for the Japanese Currency, after forecast-topping US inflation dealt a blow to hopes for a June interest rate cut by the US Federal Reserve.
Overnight, the blue-chip Dow ended flat and the broad-based S&P 500 added 0.7 percent, while the tech-rich Nasdaq Composite climbed 1.7 percent.
In Tokyo, Fast Retailing was down 4.06 percent at 42,310 yen after its second-quarter operating profit missed analyst expectations.
Fujifilm was up 2.64 percent at 3,462 yen after the company announced an additional investment of $1.2 billion in a planned biotech plant in North Carolina.
Real estate firms were higher, with Mitsui Fudosan up 6.53 percent at 1,655 yen and Sumitomo Realty & Development up 6.04 percent at 5,947 yen.
Sony Group was up 1.52 percent at 13,050 yen. Chip-testing equipment maker Advantest was up 0.89 percent at 6,018 yen.
Recent Stories
Wembanyama in France: NBA Spurs to play Pacers in Paris in January
Russian missile kills two in Ukraine's Odesa: governor
Dutch Embassy celebrates King Willem-Alexander's birthday
Need of concrete steps stressed for safe, nutritious milk availability
Scotland's leader Yousaf quits after a year
Services of GDA Pakistan China Friendship Hospital launched
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Georgia ruling party stages mass rally to counter protests
Bayern ready for 'extraordinary' Bellingham, says Tuchel
PTI leaders get interim bail
Tennis: ATP/WTA Madrid Open results - 2nd update
French actor Depardieu released after sexual assault questioning
More Stories From World
-
Tesla wins key China security clearance during Musk visit
5 hours ago -
Football: South African Premiership table
5 hours ago -
Tennis: ATP/WTA Madrid Open results - 3rd update
5 hours ago -
Football: South African Premiership result
5 hours ago -
Nadal keeps his clay dream alive as he battles past Cachin
5 hours ago -
Campaigning EU chief defends record during debate
5 hours ago
-
US, Mexican presidents order 'concrete' border steps: statement
5 hours ago -
Global pandemic agreement talks in race against time
5 hours ago -
Gaza protesters defy Columbia deadline to leave campus
7 hours ago -
Russian missile kills two in Ukraine's Odesa: governor
8 hours ago -
Scotland's leader Yousaf quits after a year
8 hours ago -
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
8 hours ago