Tokyo Stocks Surge After Yellen Speech Weakens Yen

Fakhir Rizvi Published August 29, 2016 | 12:01 PM

Tokyo stocks surge after Yellen speech weakens yen

TOKYO, (UrduPoint / Pakistan Point News -29th Augst,2016) - Tokyo stocks snapped a two-day losing streak Monday, rallying after Federal Reserve chief Janet Yellen hinted that US interest rates could rise before the end of the year, sending the Yen lower and boosting exporters. The benchmark Nikkei 225 index soared 2.30 percent, or 376.78 points, to close at 16,737.49, while the broader Topix index of all first-section shares rose 1.97 percent, or 25.34 points, to 1,313.24.

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