TOKYO – Tokyo stocks closed sharply higher today, extending rallies on Wall Street after a rout in the previous session.
The benchmark Nikkei 225 index rose 2.32%, or 636.46 points, to 28,084.47, while the broader Topix index was up 1.86%, or 34.38 points, at 1,883.42 at the close.
“Rises in US futures and the Chinese market are prompting further gains in the Japanese market” after overnight Wall Street gains supported early Tokyo trade, said Daiwa Securities in a commentary.
The US dollar fetched ¥109.47 (RM4.13) in Asian trade against ¥109.44 in New York late yesterday.
Honda ended up 1.00% at ¥3,327 and Japan Post was up 2.48% at ¥945.6 ahead of their earnings reports.
Toshiba was 0.89% higher at ¥4,510 after it said it has returned to profit in the financial year to March.
Electronics are among the winners, with Sony closing up 2.36% at ¥10,225, Panasonic advancing 0.75% to ¥1,215.5 and Fujitsu adding 4.18% to ¥16,805. – AFP, May 14, 2021
_Summit_in_Tokyo._Facebook-PMO_Malaysia_pic..png)
