TOKYO – Tokyo stocks opened higher today, rebounding from the previous session as Wall Street came back from a rout last week.
The benchmark Nikkei 225 index gained 1.79%, or 500.60 points, to 28,511.53 in early trade, while the broader Topix index was up 1.74%, or 33.03 points, at 1,932.48.
“Japanese shares are seen starting with buying after United States shares bounced back” for the first time in six sessions, said Mizuho Securities in a note.
“However, a wait-and-see attitude may grow in later trade ahead of Federal Reserve chair (Jerome) Powell’s testimony in the US Congress” later in the day, it added.
The dollar fetched ¥110.31 in early Asian trade, against ¥110.18 in New York late yesterday.
In Tokyo, Nissan was up 3.47% at ¥541.3 ahead of its general shareholders meeting, while its rivals were also higher, with Toyota trading up 2.85% at ¥9,913 and Honda up 2.47% at ¥3,480.
Among other shares, Sony was up 2.70% at ¥10,825 and Panasonic up 3.56% at ¥1,247.5. – AFP, June 22, 2021
