Tokyo stocks rose Friday, driving a key index to reach the highest closing level in almost seven years on the yen's depreciation against the US dollar.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) advanced 253.60 points, or 1.58 percent, from Thursday to 16,321.17, the highest close since November 2, 2007.
The broader Tokyo Stock Price Index, which includes all First Section issues on the TSE, also gained 14.00 points, or 1.06 percent, to 1,331.91, its best finish since July 24, 2008.
The yen's depreciation against the US dollar prompted investors to buy export-oriented issues such as automaker and machinery shares.
The weak yen supports exports by making Japanese products more competitive overseas and increase the value of repatriated overseas earning.
The US dollar hit a six-month high against the yen to breach the JPY 109 mark on Friday for the first time since September 2008.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained 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