Tokyo stocks rose on Monday, driving a key index to reach the highest closing level in almost seven years and 4 months, as the market was cheered by the yen's depreciation against the US dollar and positive investment data.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) gained 130.25 points, or 0.75 percent, from Friday to 17,590.10, the highest finish since July 26, 2007.
The broader Tokyo Stock Price Index, which includes all shares on the market's First Section on the TSE, was also up 11.31 points, or 0.80 percent, to 1,421.65, its best close since June 6, 2008.
The weaker yen prompted investors to buy export-oriented issues such as automakers and electronics.
The yen's depreciation supports exports by making Japanese products more competitive overseas and increase the value of repatriated overseas earning.
Earlier in the day, the Finance Ministry said Japanese companies increased investment in plant and equipment by 5.5 percent in the July-September period on the year.
In the currency markets, the US dollar hit a seven-year high against the yen on Monday to breach the JPY 119 mark. The dollar climbed to JPY 119.03 at one point in the morning, the strongest since August 2007. At 4 p.m. (0700 GMT), the dollar fetched JPY118.83-86 against JPY 118.56-66 in New York and JPY 118.21-23 in Tokyo at 5 p.m. Friday.
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