Tokyo: Tokyo Shares closed up more than 1.3 percent on Tuesday as investors’ risk-averse sentiment was heightened by gains on Wall Street during the traditional Christmas “Santa Claus rally.”
Benchmark Nikki The 225 index rose 1.37 per cent, or 392.70 points, to 29,069.16, while the broader Topics The index also rose 1.37 per cent, or 27.12 points, to 2,005.02.
Shares remained strong throughout the session, trailing rallies in the United States, where stocks typically move toward the end of the year — a period of low trading volume and light news.
On Wall Street, the S&P 500 ended Monday for a second consecutive record. The Dow Jones Industrial Average rose 1.0 percent, while the tech-rich Nasdaq Composite Index jumped 1.4 percent.
Yoshihiro Okumura of Chibagin Asset Management said, “Investors were comfortable buying shares after seeing the US rallies.
“Although investors are concerned omicronThey are also looking forward to an economic recovery next year,” Okumura told AFP.
Dollar On Monday, New York gained 114.84 yen, down from 114.88 yen.
Before the opening bell, the Japanese government said factory output in November rose 7.2 percent from the previous month and the unemployment rate stood at 2.8 percent, up 0.1 percent from the previous month.
softbank group It rose 0.72 percent to 5,258 yen, recovering from the previous day’s decline triggered by news reports that Credit Suisse has initiated legal action to recover money the bank says the Japanese conglomerate owes.
Sony Overseas purchases rose 2.29 percent to 14,695 yen, while chip-making equipment maker Tokyo Electron rose 1.81 percent to 66,790 yen on strong demand for semiconductors.
Benchmark Nikki The 225 index rose 1.37 per cent, or 392.70 points, to 29,069.16, while the broader Topics The index also rose 1.37 per cent, or 27.12 points, to 2,005.02.
Shares remained strong throughout the session, trailing rallies in the United States, where stocks typically move toward the end of the year — a period of low trading volume and light news.
On Wall Street, the S&P 500 ended Monday for a second consecutive record. The Dow Jones Industrial Average rose 1.0 percent, while the tech-rich Nasdaq Composite Index jumped 1.4 percent.
Yoshihiro Okumura of Chibagin Asset Management said, “Investors were comfortable buying shares after seeing the US rallies.
“Although investors are concerned omicronThey are also looking forward to an economic recovery next year,” Okumura told AFP.
Dollar On Monday, New York gained 114.84 yen, down from 114.88 yen.
Before the opening bell, the Japanese government said factory output in November rose 7.2 percent from the previous month and the unemployment rate stood at 2.8 percent, up 0.1 percent from the previous month.
softbank group It rose 0.72 percent to 5,258 yen, recovering from the previous day’s decline triggered by news reports that Credit Suisse has initiated legal action to recover money the bank says the Japanese conglomerate owes.
Sony Overseas purchases rose 2.29 percent to 14,695 yen, while chip-making equipment maker Tokyo Electron rose 1.81 percent to 66,790 yen on strong demand for semiconductors.
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