Tokyo shares opened higher on Friday

Tokyo shares opened higher on Friday, encouraged by overnight gains on Wall Street as investors took heart from news that the US and China will resume trade talks.

The key Nikkei 225 added 0.53 percent or 117.03 points to 22,309.07 in early trade, while the broader Topix index firmed 0.47 percent or 7.88 points to 1,695.03, reports BSS.

“The Tokyo market is expected to trend higher at the start after seeing how US shares finished up,” Okasan Online Securities said in a note to clients.

“But the market is likely to stay trapped in a tight range since it’s easy for a wait-and-see attitude to emerge among investors with the dearth of fresh news in the market during the slack summer season,” it added.

The dollar bought 110.84 yen, nearly flat from 110.90 yen in New York. Among major shares, Toyota added 0.31 percent to 6,796 yen, after reports that it was planning to boost production capacity in China, particularly for environmentally friendly vehicles such as electric vehicles and hybrids.

Sony rose 1.21 percent to 6,019 yen, while SoftBank added 0.70 percent to 10,055 yen. Mitsubishi UFJ Financial Group rose 1.09 percent to 665.7 yen.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Anurag Kashyap shoots Kubra Saith 7 times nude and made her cry for frontal nudity scene [Video]
Huawei introduces EMI facilities for smartphone purchase in Bangladesh
SINGER Furniture offers up to 60% discount in Bangladesh
Paperfly launches delivery services covering 64 districts in Bangladesh
iFarmer won the title of best startup in Bangladesh at Seedstars Dhaka awards

Advertisement

News of the Month

Scroll Up
%d bloggers like this: