Tokyo stocks end higher on improved sentiment, weaker yen

Xinhua
15 Sep 2023, 17:44 GMT+10

TOKYO, Sept. 15 (Xinhua) -- Tokyo stocks closed higher on Friday, driven by improved market sentiment amid eased concerns over the global economic outlook and a weaker yen.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 364.99 points, or 1.1 percent, from Thursday to close the day at 33,533.09.

The broader Topix index, meanwhile, finished 22.81 points, or 0.95 percent, up at 2,428.38, its highest close since June 1990.

Market watchers here suggested that China's better-than-expected industrial output in August released earlier in the day provided a tailwind for Japanese stocks.

"In addition to expectations of improved earnings due to the weak yen, market sentiment was buoyed by expectations of a firming U.S. and Chinese economy, both of which are key drivers of Japanese corporate performance," said Tomoichiro Kubota, senior market analyst at Matsui Securities.

On the Prime Market, gainers were led by electric power and gas, oil and coal products, and transportation equipment shares.

Issues that rose outpaced those that fell by 1,227 to 553, while 55 ended the day unchanged.

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 Oklahoma City Sun.

More Information

87 ℉

Fair in Oklahoma City

Business

Section

U.S. stocks make minor gains, Nasdaq Composite climbs 60 points

NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...

US Federal Reserve cutting 300 people from payroll

WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...

Rite Aid may close over 400 stores, allow creditors to run operations

CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...

US Transportation Secretary says New York's ATC needs more staff

WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...

Will 'quiet the noise' in culture wars, Disney CEO tells investors

BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...

$14 billion takeover bid by JIP a success: Toshiba

TOKYO, Japan: This week, Toshiba revealed that a tender offer worth US$14 billion from Japan Industrial Partners (JIP) was a ...

International

Section