Tokyo stocks opened higher on Friday

Tokyo stocks opened higher on Friday, extending rallies in New York on receded fears over potential US-led military strikes in response to an alleged chemical weapons attack in Syria.

The benchmark Nikkei 225 index rose 0.71 percent, or 154.20 points, to 21,814.48 in early trade while the broader Topix index was up 0.62 percent, or 10.62 points, at 1,729.14, reports BSS.

US President Donald Trump put off a final decision on strikes against Syria following a crunch meeting with national security advisors Thursday, his spokeswoman said.

The move sent US shares up with the Dow closing 1.2 percent higher.

“As President Trump suggested there’s no need to hurry in a decision of a strike against Syria, geopolitical risks have receded for now,” Okasan Online Securities said in a commentary.

Trump also said on Thursday he had directed senior aides to explore rejoining the Trans-Pacific Partnership if a “better deal” could be reached.

Washington withdrew from the deal last year, and the administration’s most hawkish trade advisors favor negotiating bilateral trade agreements. The dollar fetched 107.29 yen in early Asian trade, against 107.26 yen in New York late Thursday.

In Tokyo, Fast Retailing was up 1.25 percent at 47,490 yen after the Uniqlo casual wear operator revised up its full-year earnings forecast. Panasonic was trading up 1.18 percent at 1,540.5 yen and Sony was up 0.71 percent at 5,237 yen.

Toyota was up 0.90 percent at 6,935 yen but its subsidiary Hino Motors was down 2.25 percent at 1,388 yen after it announced a business tie-up with Volkswagen in commercial vehicles.

Have your say, we value it!

wise people got already engaged

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]

Translate this News

Popular Posts

Advertisement

News of the Month

April 2018
S M T W T F S
« Mar   May »
1234567
891011121314
15161718192021
22232425262728
2930  
Scroll Up
%d bloggers like this: