Tokyo stocks end higher on improved sentiment, weaker yen

Xinhua
15 Sep 2023, 17:44 GMT+10

TOKYO, Sept. 15 (Xinhua) -- Tokyo stocks closed higher on Friday, driven by improved market sentiment amid eased concerns over the global economic outlook and a weaker yen.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 364.99 points, or 1.1 percent, from Thursday to close the day at 33,533.09.

The broader Topix index, meanwhile, finished 22.81 points, or 0.95 percent, up at 2,428.38, its highest close since June 1990.

Market watchers here suggested that China's better-than-expected industrial output in August released earlier in the day provided a tailwind for Japanese stocks.

"In addition to expectations of improved earnings due to the weak yen, market sentiment was buoyed by expectations of a firming U.S. and Chinese economy, both of which are key drivers of Japanese corporate performance," said Tomoichiro Kubota, senior market analyst at Matsui Securities.

On the Prime Market, gainers were led by electric power and gas, oil and coal products, and transportation equipment shares.

Issues that rose outpaced those that fell by 1,227 to 553, while 55 ended the day unchanged.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.

More Information

26 ℃

Light Rain in Seletar

Financial Markets

Section

U.S. stocks slip, dollar loses ground against commodity currencies

NEW YORK, New York - U.S. stocks weakened on Friday as U.S. Treasury yields continued to point higher while some ...

Dubai real estate market on fire, billions of dollars in transactions each week

DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...

US business optimism about China at record low: Survey

SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...

Stocks in U.S. and around world decline as bond yields jump

NEW YORK, New York - U.S. stocks and bonds caught on to a global trend Thursday as sellers took charge ...

Nasdaq Composite tumbles 209 points after Fed leaves rates unchanged

NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...

Amid possible Riksbank rate rise, Swedish Krona stumbles against euro

STOCKHOLM, Sweden: Days before the Riksbank, Sweden's central bank, is expected to again raise interest rates, the Swedish krona hit ...

Technology

Section