Arab Today, arab today tokyo stocks end at 2 month high on stimulus hopes
Last Updated : GMT 09:37:20
Arab Today, arab today
Arab Today, arab today

Tokyo stocks end at 2 month high on stimulus hopes

Arab Today, arab today

Arab Today, arab today Tokyo stocks end at 2 month high on stimulus hopes

Tokyo - QNA

Tokyo stocks finished higher for the first time in four trading days Thursday, with the Nikkei Stock Average rising 178.59 points, or 1.22%, to end the session at 14,799.12, its highest since July 18. Buying gradually increased, supported by expectations that the government\'s economic measures will underpin the stock market. Investors bought shares in maritime shippers, insurance companies and construction firms after reassessing them, according to the (Nikkei.com) website. Stocks, with the ex-dividend amount for the year ending September factored in, opened slightly lower on concerns over US fiscal issues and share sales to procure cash. But after 11 a.m., media reports about government measures to prop up the economy, including possible imminent cuts in corporate tax, fueled buying of futures, pushing cash stocks higher through arbitrage trading. The trading value on the first section of the Tokyo Stock Exchange totaled 2.15 trillion yen on a preliminary basis.

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Arab Today, arab today tokyo stocks end at 2 month high on stimulus hopes Arab Today, arab today tokyo stocks end at 2 month high on stimulus hopes

 



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