Tokyo stocks staged a sharp rebound Monday, with the Nikkei index finishing up over 2%, as investors sought shares battered before the weekend by Britain's vote to leave the European Union and sentiment brightened on the Japanese government's pledge to take measures to support the economy.
The 225-issue Nikkei Stock Average ended up 357.19 points, or 2.39%, from Friday at 15,309.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 21.28 points, or 1.77%, higher at 1,225.76, according to Japan's (Kyodo) News Agency.
Senior strategist at Daiwa Securities Co. Kazuhiro Takahashi said that fears fueled by the "Brexit" vote somewhat receded after the Japanese government and the Bank of Japan held a meeting Monday morning to discuss the economic impact of the uncertainty over global growth.
Japan's Prime Minister Shinzo Abe said the government "must take all possible measures to prevent any negative impact on Japan's real economy, particularly small and medium-sized businesses." Abe also ordered the BOJ to ensure liquidity to support the financial system.
GMT 14:56 2017 Thursday ,19 October
Tokyo stocks head for longest string of gains in 30 yearsGMT 20:36 2017 Monday ,14 August
Tokyo shares fall by break as N. Korea worries lingerGMT 15:02 2017 Wednesday ,07 June
Tokyo stocks open lower as investors eye UK voteGMT 05:25 2017 Tuesday ,06 June
Tokyo stocks open lower as automakers, oil shares fallGMT 21:01 2017 Monday ,29 May
Tokyo stocks end flat after N.Korea missile launchMaintained 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