Tokyo's Nikkei Sharply Up After Trump Agrees To Transition Aid
Umer Jamshaid Published November 24, 2020 | 08:10 AM
Tokyo, (UrduPoint / Pakistan Point News - 24th Nov, 2020 ) :Tokyo shares opened markedly higher on Tuesday after US President Donald Trump said he no longer opposed government aid for Joe Biden's transition team, with markets also buoyed by new vaccine news.
The Nikkei 225 index rose 1.91 percent or 486.82 points to 26,014.19 in early trade, playing catch-up after a long weekend with surges in other markets. The broader Topix index added 2.00 percent or 34.51 points to 1,761.90.
Shortly before the opening bell in Tokyo, Trump tweeted that the General Services Administration should start releasing Federal funds and resources to start a transition, ending major uncertainty, although Trump has yet to concede defeat in the election.
"Nevertheless, in the best interest of our Country, I am recommending that (GSA administrator) Emily (Murphy) and her team do what needs to be done with regard to initial protocols, and have told my team to do the same," Trump tweeted.
The Tokyo market was already gearing up for a strong open as it returned to action after a three-day weekend, during which international markets surged on positive news about vaccines.
International investors have cheered news that British drugs group AstraZeneca and the University of Oxford will seek regulatory approval for their coronavirus vaccine, following similar announcements by Pfizer/BioNTech and Moderna.
Tokyo players were also welcoming the rebound of the Dollar, which stood at 104.62 Yen against 104.54 yen in New York on Monday.
Related Topics
Recent Stories
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
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
More Stories From Miscellaneous
-
Shaheed Jalil Andrabi remembered on his martyrdom anniversary
2 days ago -
Architectural grandeur of Mohabat Khan Mosque attracts visitors, archeology lovers
2 days ago -
Besant Hall cultural centre to hold programme in memory Pir Hassam din Rashdi
4 days ago -
USA beats Mexico 2-0 for CONCACAF Nations League title
4 days ago -
World urged to intervene for peace in Kashmir
5 days ago -
Undeterred resolve – only way to end economic woes
5 days ago
-
Organic Food: A booming trend in Khyber Pakhtunkhwa
5 days ago -
From Soil to Harvest: Use of modern technology vital for agricultural renaissance
5 days ago -
Spring season offers glimpse into GB's natural beauty, cultural heritage
5 days ago -
Nation to mark decades’ long journey of resilience through annals of history
7 days ago -
23rd March: A historic day reminds Muslims’ heroic struggle for Pakistan
7 days ago -
Measures urged to recharge depleting water table: Experts
7 days ago