Video PlayerClose TOKYO, Feb. 2 (Xinhua) — Tokyo stocks closed higher Tuesday, as Wall Street’s overnight rise helped ease concerns over recent turbulence caused by retail investors grouping together to take on hedge funds specializing in shorting stocks, with solid company earnings here and a weak yen adding support. The 225-issue Nikkei Stock Average gained 271.12 points, or 0.97 percent, from Monday to close the day at 28,362.17. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 17.18 points, or 0.94 percent, to finish at 1,847.02. After a lackluster opening, the pace of buying increased as investors continued to pick up bargains following the market’s recent slump, local brokers said. They added that domestic firms reporting solid earnings and outlooks also found favor, with the market’s upbeat sentiment underpinned by hopes for further stimulus in the United States. “Investors bought shares as worries about further disruptions in the U.S. market eased somewhat,” Makoto Sengoku, a market analyst at the Tokai Tokyo Research Institute, was quoted as saying. Other analysts concurred, adding that the U.S. economy is showing signs of stability amid hopes for corporate earnings in the tech sector there as well as… Read full this story
- Tokyo stocks close lower on profit-taking, falling U.S. auto sales weigh
- Tokyo stocks end flat on U.S.-Canada trade, profit-taking
- Asian stocks rebound on US-China trade hopes
- Stocks edge higher; Treasuries rise, dollar drops
- Tokyo stocks open flat on hopes for key trade deal, yen's rise
- Line to Be Listed on Tokyo Stock Exchange
- U.S. stocks edge higher; bonds, dollar advance
- Stocks edge higher as investors weigh trade
- China shares gain on FTSE Russell entry hopes, potential MSCI weighting raise
- Sensex ekes out small gains; Voda Idea, PSU bank stocks rally
Tokyo stocks close higher on eased turbulence, earnings hopes have 286 words, post on www.xinhuanet.com at February 2, 2021. This is cached page on Drudgereport. If you want remove this page, please contact us.