Japan's Nikkei hits 4-month high as earnings power rise

Xinhua
17 Nov 2023, 15:14 GMT+10

TOKYO, Nov. 17 (Xinhua) -- Tokyo stocks closed higher on Friday, with the Nikkei index hitting a four-month high, cheered by optimism following a strong domestic earnings season that just wrapped up.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 160.79 points, or 0.48 percent, from Thursday at 33,585.20, its highest close since July 3.

The broader Topix index, meanwhile, finished 22.43 points, or 0.95 percent, higher at 2,391.05.

On the stock market, investors were optimistic following the strong performances reported by Japanese firms so far this earnings season, as well as hopes the Fed's rate hike campaign will be over sooner than later, analysts said.

On the top-tier Prime Market, gainers were led by air transportation, precision instruments and construction issues.

Japan Airlines climbed 66.5 yen, or 2.4 percent, to 2,886.0 yen, while ANA Holdings, the parent company of All Nippon Airways Co., rose 97 yen, or 3.2 percent, to 3,124 yen. (1 Japanese yen equals 0.0067 U.S. dollar)

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

null in null

Lifestyle

Section

"Very Sorry": Air India Chairman N Chandrasekharan apologises after AI-171 tragedy

New Delhi [India], June 19 (ANI): N Chandrasekaran, Chairman of Tata Sons and Air India, has apologised for the Air India AI-171 tragedy...

Assault on Gaza continues amid lack of food, fuel, medical supplies: UN

OCHA warned that dwindling fuel reached dangerously low levels in Gaza Strip, jeopardizing critical lifelines for the population after...

Disability to superability: Meet Nepal's hearing, speech impairments gym trainer

Kathmandu [Nepal], June 19 (ANI): Udit Shrestha, a 31-year-old gym trainer from Kathmandu, Nepal, is breaking barriers and setting...

Singapore Airlines offers condolences to families of victims in AI-171 plane crash

New Delhi [India], June 19 (ANI): The Singapore Airlines (SIA) Group issued a statement extending condolences to the families of the...

Air India reduces international services on wide-body aircraft by 15%

Gurugram (Haryana) [India], June 19 (ANI): Air India has reduced its international services on wide-body aircraft by 15 per cent for...

PM Modi receives special gift in Zagreb: Vezdin's Sanskrit Grammar, written in Latin in 1790

Zagreb [Croatia], June 19 (ANI): Croatian Prime Minister Andrej Plenkovic gifted Prime Minister Narendra Modi a reprint of Vezdin's...

International

Section