News24
21 Jan 2021, 21:13 GMT+10
Tokyo stocks closed higher Thursday, extending US rallies on hopes of new stimulus after President Joe Biden took office.
The benchmark Nikkei 225 index rose 0.82%, or 233.60 points, to 28 756.86, while the broader Topix index advanced 0.60%, or 11.06 points, to 1 860.64.
Japanese shares tracked US rallies "as investors largely welcomed the Biden administration", said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.
Wall Street hit new records and stock markets climbed worldwide after Biden took office on Wednesday, with traders delighted by his plan to inject even more stimulus into the world's largest economy.
The dollar fetched 103.35 yen in Asian afternoon trade, against 103.53 yen in New York.
The Bank of Japan on Thursday revised its growth outlook upwards for the next two years and maintained its ultra-loose monetary policy.
"The market shrugged off the BoJ statement, which was within expectations," Horiuchi told AFP.
In Tokyo, tech and IT shares were higher, with Panasonic rallying 4.97% to 1 404 yen and Fujitsu up 1.47% at 16 185 yen.
SoftBank Group jumped 2.89% to 8 946 yen and Uniqlo casual wear operator Fast Retailing was up 0.83% at 91 870 yen.
Japan's trade surplus in December stood at 751 billion yen ($7.3 billion), exceeding market expectations of 719 billion yen, data released 10 minutes before the opening bell showed.
For the year 2020, the country's trade account booked a surplus of 674.7 billion yen, after two years of trade deficit.
Get a daily dose of Leeds Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Leeds Times.
More InformationBELFAST, Northern Ireland: The Democratic Unionist Party (DUP) and Ulster Unionist Party (UUP) will challenge the Northern Ireland Protocol, which ...
The submarine deal France proudly called 'the contract of the Century' appears to have collapsed, reports Alan Austin.IF THERE WAS ...
The February meeting of NATO (North Atlantic Treaty Organization) Defense Ministers, the first since President Biden took power, revealed an ...
Berlin [Germany], March 4 (ANI/Sputnik): The German authorities have agreed to begin easing coronavirus-related restrictions from March 8 in regions ...
Germany's domestic intelligence agency recently put the far-right Alternative for Germany (AfD) Party under surveillance for suspected extremist links that ...
Top-seeded Elina Svitolina of the Ukraine recorded 26 winners to cruise to a 6-1, 6-2 win over Misaki Doi of ...
WASHINGTON DC - To boost vaccination rates among minorities, particularly Black and brown Americans, senior Biden administration officials say the ...
WASHINGTON D.C.: The U.S. Justice Department has announced it will appeal a court ruling that the federal prohibition on evictions ...
WASHINGTON, DC - Following accusations of sexual harassment against New York Governor Andrew Cuomo, White House press secretary Jen Psaki ...
SAN FRANCISCO, CA: Small earthquakes reaching magnitude 3.7 were felt along California's Central Coast after midnight on Sunday, according to ...
WASHINGTON DC: Speaking to reporters on Sunday, Dr. Anthony Fauci said he would not hesitate to be inoculated with the ...
NEW YORK, New York: Following news reports that the National Football League (NFL) had signed a new agreement with Walt ...