Tokyo Stocks Open Higher
Umer Jamshaid Published April 17, 2024 | 06:16 PM
Tokyo stocks opened higher on Wednesday after falls in the previous two sessions and Wall Street ended little changed
Tokyo, (UrduPoint / Pakistan Point News - 17th Apr, 2024) Tokyo stocks opened higher on Wednesday after falls in the previous two sessions and Wall Street ended little changed.
The benchmark Nikkei 225 index was up 0.25 percent, or 97.81 points, to 38,569.01, while the broader Topix index was up 0.17 percent, or 4.53 points, to 2,701.64.
"In a trading that lacks a sense of direction, some investors may try" to buy shares after the Tokyo market fell for the two consecutive trading days, Matsui Securities said.
"With a dearth of fresh market-moving events to prompt active buying, momentum for upward movement could be limited," it added.
Overnight on Wall Street, the Dow Jones Industrial Average finished up 0.2 percent at 37,798.97, while the broad-based S&P 500 fell 0.
2 percent and the tech-rich Nasdaq slipped 0.1 percent.
The Dollar fetched 154.61 Yen in early Asian trade, against 154.72 yen in New York.
Among major shares, Kawasaki Heavy Industries was up 4.41 percent at 4,879 yen, real estate firm Mitsui Fudosan was up 2.96 percent at 1,669.5 yen, while Astellas Pharma was up 1.27 percent at 1,470 yen.
Sony Group was down 2.24 percent at 12,645 yen. Toyota was off 0.71 percent at 3,623 yen.
Japan booked a trade surplus of 366.5 billion yen ($2.37 billion), the first surplus in the past three months due to a decline in imports of liquified petroleum gas, data released 10 minutes before the opening bell by the finance ministry showed.
The data did not prompt strong market reactions.
Related Topics
Recent Stories
Statement of Engro Corporation - LNG Case Decision
Wasim Akram touches fans’ hearts by new look
Empowering women for employment is the need of hour, says Sadaffe Abid
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
Co-Working Center launched in Okara under PITB’s e-Earn program
BHC judges recommend legal action over agencies interference into judicial matte ..
Third Women T20I: Pakistan to face West Indies today
Mahira Khan delights at Arijit Singh’s concert in Dubai
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Uni ..
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartph ..
FIA investigates alleged irregularities in tickets’ sale for PSL, int’l matc ..
IMF approves $1.1b final tranche for Pakistan
More Stories From Business
-
LCCI delegation visits Business Facilitation Center
56 minutes ago -
2-day Pak-International Poultry Expo begins
56 minutes ago -
Minister visits Punjab Model Bazaars Management Company
1 hour ago -
Kyrgyz Honorary Consul calls on Punjab Governor
1 hour ago -
Statement of Engro Corporation - LNG Case Decision
1 hour ago -
Brazil's producer inflation rises 0.35% in March
2 hours ago
-
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
2 hours ago -
Planning minister holds meeting with Chinese companies
3 hours ago -
PSX witnesses bearish trend, loses 592 points
3 hours ago -
HCCI delegation departs for Iran
3 hours ago -
Gold rates decrease by Rs 2,000 per tola to Rs 241,900
3 hours ago -
Pakistan earns $614m by exporting transport services in 8 months
4 hours ago