News24
22 Feb 2021, 20:13 GMT+10
Tokyo stocks closed higher Monday on expectations of an economic recovery after the end of a coronavirus state of emergency in the Japanese capital and other regions.
The benchmark Nikkei 225 index rose 0.46%, or 138.11 points, to end at 30 156.03, while the broader Topix index advanced 0.49%, or 9.40 points, to 1 938.35.
"Hopes are rising that the state of emergency will be lifted as the number of new cases declines," said Yoshihiro Ito, chief strategist at Okasan Online Securities.
Optimism for recovery has also helped boost the market since Japan began its vaccine rollout last week, Ito said.
There were 178 new Covid-19 cases reported in Tokyo on Monday, local media reported - the first time daily infections have dropped below 200 since late November.
Investors are also keeping an eye on testimony this week by Federal Reserve Chairman Jerome Powell that is likely to support the market.
In Tokyo trading, market heavyweight SoftBank Group jumped 1.73% to 10 530 yen while Uniqlo casual wear operator Fast Retailing gained 0.14% to 104 900 yen.
Automakers were lower with Toyota inching down 0.06% to 8 060 yen, Honda losing 0.11% to 2 978 yen and Nissan dipping 0.25% to 587 yen.
Sony edged up 0.12% to 11 980 yen.
The dollar fetched 105.64 yen in Asian trade, against 105.46 yen in New York.
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationMILLINOCKET, Maine -- Local libraries have adapted to offer critical services during the pandemic, from deploying mobile Wi-Fi hotspots to ...
DUBLIN, Ireland: Transport company Bolt hopes to provide 10,000 rental e-scooters to Ireland. Additionally, 130 new jobs would be created ...
Sixers center Joel Embiid pledged to donate $100,000 from Sunday's NBA All-Star Game to help combat homelessness in Philadelphia. Members ...
The U.S. Senate passed a $1.9 trillion coronavirus relief bill Saturday, giving President Joe Biden his first major legislative victory ...
Hyderabad (Telangana) [India], March 6 (ANI): Hyderabad Police on Saturday apprehended ex-Ranji cricketer for cheating businessmen of more than Rs ...
Sixers center Joel Embiid is donating $100,000 in earnings from Sunday's All-Star Game to combat homelessness in Philadelphia. The four-time ...
WASHINGTON D.C.: Compromising with moderates, President Joe Biden and Democrats agreed to tighten the requirements for those eligible to receive ...
ANN ARBOR, Michigan: Some 375 University of Michigan students have been banned from entering school buildings because they have not ...
PARIS, France: The French government will not require residents of the Paris region to be locked down this weekend. However, ...
LARISSA, Greece: Central Greece was struck by a magnitude 6.0 earthquake on Wednesday, which was also felt in nearby Albania ...
WASHINGTON D.C.: In a bid to create a much greater supply of Coronavirus vaccines, the White House has announced that ...
AUSTIN, Texas: Texas Governor Greg Abbott announced that beginning next week face masks will no longer be needed to be ...