Tokyo stocks end higher on improved sentiment, weaker yen

Mon, 02 Oct 2023

Tokyo stocks end higher on improved sentiment, weaker yen

Xinhua
15 Sep 2023, 17:44 GMT+10

TOKYO, Sept. 15 (Xinhua) -- Tokyo stocks closed higher on Friday, driven by improved market sentiment amid eased concerns over the global economic outlook and a weaker yen.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 364.99 points, or 1.1 percent, from Thursday to close the day at 33,533.09.

The broader Topix index, meanwhile, finished 22.81 points, or 0.95 percent, up at 2,428.38, its highest close since June 1990.

Market watchers here suggested that China's better-than-expected industrial output in August released earlier in the day provided a tailwind for Japanese stocks.

"In addition to expectations of improved earnings due to the weak yen, market sentiment was buoyed by expectations of a firming U.S. and Chinese economy, both of which are key drivers of Japanese corporate performance," said Tomoichiro Kubota, senior market analyst at Matsui Securities.

On the Prime Market, gainers were led by electric power and gas, oil and coal products, and transportation equipment shares.

Issues that rose outpaced those that fell by 1,227 to 553, while 55 ended the day unchanged.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

18 ℃

Cloudy in Mexico City Intl

Lifestyle

Section

Italy's working population set to dramatically shrink data

Over a third of Italians will be over 65 in 2050, ISTAT predictsMore than a third of the population of ...

Polish Opposition Holds Massive Warsaw Rally Ahead of Tight Election

Warsaw - Hundreds of thousands of people held an opposition rally in Warsaw on Sunday, two weeks ahead of an ...

Major General Alok Kacker concludes his visit to Nepal

Kathmandu [Nepal], October 1 (ANI): General Officer Commanding (GOC) of Madhya Uttar Pradesh Sub Area (MUPSA) Major General Alok Kacker ...

"People across India joining Swachh Bharat Abhiyan": Union Minister Bhupender Yadav

New Delhi [India], October 1 (ANI): Union Minister Bhupender Yadav on Sunday led the cleanliness drive under the Swachchta Hi ...

8 dead, many injured in south India road accident

NEW DELHI, Oct. 1 (Xinhua) -- At least eight persons were killed and many others injured after a bus carrying ...

Afghanistan: 3000 families in Baharak district lack safe drinking water

Kabul [Afghanistan], October 1 (ANI): The Taliban-appointed officials of Baharak district in Takhar province of Afghanistan said 3000 families in ...

International

Section

Unidentified winner claims Florida's $1.6 billion lottery

TALLAHASSEE, Florida: The Florida Lottery said this week that the second-largest lottery winner in U.S. history has come forward to ...

Survey retains New York as world's top financial center, London second

LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with ...

Taiwan develops first domestically-made submarine

KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...

To avoid 'lecture', Solomon Islands PM says he did not meet with Biden

HONIARA, Solomon Islands: Prime Minister Manasseh Sogavare revealed that he opted out of a Pacific Islands leaders' summit at the ...

First US state tax on firearms, ammunition adopted by California

SACRAMENTO, California: Intending to raise some US$160 million per year to help prevent gun violence, California Governor Gavin Newsom signed ...

Philippines removes Chinese barrier at shoal in South China Sea

MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...

Movie Review

White Dog

White Dog [DVD]