Tokyo Stocks Open Higher Despite Protests, US-China Tension
Umer Jamshaid Published June 02, 2020 | 08:30 AM
Tokyo, June 2 (UrduPoint / Pakistan Point News - 2nd Jun, 2020 ) :Tokyo stocks opened higher on Tuesday tracking rallies on Wall Street, shrugging off unrest in many US cities during anti-racism protests, and simmering US-China tensions.
The benchmark Nikkei 225 index was up 0.37 percent or 81.05 points at 22,143.44 in early trade, while the broader Topix index advanced 0.41 percent or 6.38 points to 1,575.13.
"The Japanese market is supported by rallies in US shares, but a sense of a short-term overheating could cap the upside," warned senior market analyst Toshiyuki Kanayama from Monex.
Higher US futures were for now outweighing the negative factors of unrest on American streets and worsening US-China tensions over Hong Kong, analysts said.
The Dollar fetched 107.62 Yen in early Asian trade, against 107.58 yen in New York on Monday.
In Tokyo, major shares were higher, with Sony trading up 1.16 percent at 7,054 yen, Toyota up 1.24 percent at 6,803 yen, and investment and telecom giant SoftBank Group up 1.36 percent at 5,086 yen.
On Wall Street, the Dow ended up 0.4 percent at 25,475.02.
Recent Stories
Azad Jammu Kashmir Prime Minister Chaudhry Anwar ul Haq condoles over the demise ..
Senior Army Commanders visit families of customs' martyrs to condole
Poland-Pakistan corporation established on solid foundations: Polish envoy
Chairman Senate passes ruling to constitute Special Committee of Upper House
Stocks fall as tech shares sink, US economy slows
Honda announces US$11 bn EV battery and vehicle plant in Canada
All AJK Inter-varsity Speech Competition urges UNO to ensure early grant of righ ..
AJK CEC calls on President Sultan Chaudhry
Assistant Secretary General of UNDP, Director of Regional Bureau for Asia & Paci ..
Portugal marks 50 years of democracy with far right on the rise
IHC suspends notification regarding cut in prices of 'naan & roti'
More Stories From Business
-
Stocks fall as tech shares sink, US economy slows
14 minutes ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
1 hour ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
2 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
2 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
2 hours ago -
Zhao Shirin calls on Punjab Industries Minister
2 hours ago
-
CEO APM Terminals calls on Finance Minister
2 hours ago -
SACM visits GTVC checks attendance register
2 hours ago -
CEO APM Terminals meets Commerce Minister
2 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
3 hours ago -
Pakistan's total liquid foreign reserves reach $ 13.28 billion
3 hours ago -
RDA inflows rise to $7.660 bn in March 24
3 hours ago