Tokyo stocks staged a sharp rebound Monday, with the Nikkei index finishing up over 2%, as investors sought shares battered before the weekend by Britain's vote to leave the European Union and sentiment brightened on the Japanese government's pledge to take measures to support the economy.
The 225-issue Nikkei Stock Average ended up 357.19 points, or 2.39%, from Friday at 15,309.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 21.28 points, or 1.77%, higher at 1,225.76, according to Japan's (Kyodo) News Agency.
Senior strategist at Daiwa Securities Co. Kazuhiro Takahashi said that fears fueled by the "Brexit" vote somewhat receded after the Japanese government and the Bank of Japan held a meeting Monday morning to discuss the economic impact of the uncertainty over global growth.
Japan's Prime Minister Shinzo Abe said the government "must take all possible measures to prevent any negative impact on Japan's real economy, particularly small and medium-sized businesses." Abe also ordered the BOJ to ensure liquidity to support the financial system.
GMT 07:21 2017 Thursday ,07 December
Tokyo recovers as Asian markets see tentative gainsGMT 06:35 2017 Monday ,04 December
Tokyo stocks open flat amid Russia probe jittersGMT 07:17 2017 Monday ,27 November
Tokyo stocks snap three-day winning streakGMT 19:44 2017 Monday ,27 February
Tokyo stocks close down on yen's rise, caution ahead of Trump's speechGMT 18:12 2017 Monday ,27 February
Tokyo stocks extend losses in morning on yen's rise, jitters ahead of Trump speechMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor