Tokyo stocks open higher ahead of holiday season

Tokyo stocks open higher ahead of holiday season


Tokyo: The Tokyo stock market opened higher on Thursday, supported by the hope of post-Brexit trading and the rise of major US indexes, overseas Christmas trading weakened before Christmas.

The benchmark Nikkei 225 index rose 0.53%, or 139.77 points, to 26,664.56 in early trading, while the broader Topix index rose 0.57%, or 10.13 points, to 1,775.34.

Mizuho Securities (Mizuho Securities) said in a comment: “After the New York Dow Jones index rebounded, Japanese stocks were driven by buying, but before the year-end holiday, aggressive buying will be restricted.

The U.S. dollar reported 103.57 yen in Asian morning trading, while the New York Times reported 103.53.

The pound remained high against the dollar at $1.3515, the same level as New York. The European Commission warned earlier on Thursday that efforts to complete the post-Brexit trade agreement will continue overnight.

Most of the Wall Street stock markets closed higher, free from a series of weak economic data, and US President Donald Trump’s remarks may also undermine the huge economic rescue package.

The Dow Jones index closed up 0.4% to 30,129.83, the broad-based S&P 500 index rose 0.1%, while the high-tech Nasdaq index fell 0.3%.

In Tokyo, engineering firm Kawasaki Heavy (Kawasaki Heavy) rose 4.9% to 2,162 yen, after a brokerage previously raised its assessment of the company’s shares.

Some other exporters also rose, among them Matsushita Electric rose 0.86% to 1,169 yen, Hitachi rose 1.02% to 4,047 yen, and Canon rose 1.12% to 2,029 yen.

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