tokyo shares jump after greek debt deal
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Tokyo shares jump after Greek debt deal

Arab Today, arab today

Arab Today, arab today Tokyo shares jump after Greek debt deal

Tokyo - AFP

Tokyo shares gained 1.22 percent Friday led by financials as a new European Union-IMF bailout deal for debt-ridden Greece jolted markets out of their recent pessimism, brokers said. The benchmark Nikkei average climbed 121.72 points to 10,132.11, the highest closing level since July 8. The Topix index of all first-section issues rose 1.01 percent or 8.70 points to 868.81. A relief rally was triggered after European leaders announced they had agreed, together with the banks holding much of Greece\'s debt, on a new financing and restructuring package in a bid to bail Athens out. The pact eased worries of Greek contagion across the region that would set off a domino effect throughout global markets, said dealers. \"It\'s positive since a collapse of talks would have led to turmoil in global financial markets,\" Monex market analyst Toshiyki Kanayama said. But the yen\'s recent firmness against the dollar weighed. A stronger yen dents Japanese exporters\' overseas earnings when repatriated. The dollar traded at 78.58 yen in Tokyo afternoon trade against 78.72 yen on Thursday. \"The dollar-yen level is continuing to weigh on the market while investors are also cautious ahead of next week\'s Japan corporate earnings,\" said Cosmo Securities analyst Toshikazu Horiuchi. Focus is shifting towards ongoing US debt negotiations, said Yutaka Miura, senior technical analyst at Mizuho Securities. Washington needs to raise the nation\'s debt ceiling by August 2 in order to avert default. \"The US deficit reduction talks are largely a political event and not many market players actually think the US government will default, but it still weighs on equity market sentiment,\" Miura said. Megabank shares soared with Sumitomo Mitsui Financial climbing 3.60 percent to 2,530 yen and Mitsubishi UFJ up 3.29 percent at 407 yen. Utility companies were largely negative after opening higher Friday, led by profit-taking in Tokyo Electric Power (TEPCO). TEPCO shares, which soared 15.9 percent on Thursday on reports of political progress over the utility\'s compensation for victims of the nuclear crisis caused by the March 11 quake, fell 7.96 percent to 543 yen. Kansai Electric Power Co. halted a reactor for regular checkups early Friday in Fukui Prefecture, and is poised to similarly suspend another later in the day to leave only 16 of the nation\'s 54 reactors running, adding to its power supply problems. Shares in Kansai Electric Power fell 0.13 percent to 1,436 yen.

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tokyo shares jump after greek debt deal tokyo shares jump after greek debt deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tokyo shares jump after greek debt deal tokyo shares jump after greek debt deal

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday