Tokyo Stocks Open Higher On Gains In US High Tech Shares
Faizan Hashmi Published July 29, 2021 | 10:10 AM
Tokyo, (UrduPoint / Pakistan Point News - 29th Jul, 2021 ) :Tokyo stocks opened higher on Thursday as investors took heart from gains in US high-tech shares after the Fed decided against any major changes to its monetary policy.
The benchmark Nikkei 225 index was up 0.63 percent or 172.60 points at 27,754.26 in early trade, while the broader Topix index gained 0.51 percent or 9.82 points to 1,929.47.
"Rallies in US high-tech shares are providing a positive push for the Tokyo market but an expansion in virus cases in Japan could offset the positive mood, leading to lack of a clear direction in trade," Mizuho Securities said in a note.
The Dollar fetched 109.83 Yen in early Asian trade, against 109.90 yen in New York late Wednesday.
In Tokyo, Nissan climbed 8.75 percent to 645.7 yen after the carmaker upgraded its annual outlook projecting a return to the black.
Fujitsu was up 0.58 percent at 19,925 yen and Panasonic was up 1.17 percent at 1,241.5 yen ahead of their earnings reports later in the day.
On Wall Street, US stocks ended mixed with the Dow closing down 0.4 percent at 34,930.93, the broad-based S&P ending flat and the tech-rich Nasdaq gaining 0.7 percent.
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
3 hours ago -
Pak-US officials engage to enhance trade, investment ties
4 hours ago -
Stocks fall as tech shares sink, US economy slows
4 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
5 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
5 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
5 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
5 hours ago -
Zhao Shirin calls on Punjab Industries Minister
6 hours ago -
CEO APM Terminals calls on Finance Minister
6 hours ago -
SACM visits GTVC checks attendance register
6 hours ago -
CEO APM Terminals meets Commerce Minister
6 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
7 hours ago