Japan's Nikkei hits 4-month high as earnings power rise

Xinhua
17 Nov 2023, 19:44 GMT+10

TOKYO, Nov. 17 (Xinhua) -- Tokyo stocks closed higher on Friday, with the Nikkei index hitting a four-month high, cheered by optimism following a strong domestic earnings season that just wrapped up.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 160.79 points, or 0.48 percent, from Thursday at 33,585.20, its highest close since July 3.

The broader Topix index, meanwhile, finished 22.43 points, or 0.95 percent, higher at 2,391.05.

On the stock market, investors were optimistic following the strong performances reported by Japanese firms so far this earnings season, as well as hopes the Fed's rate hike campaign will be over sooner than later, analysts said.

On the top-tier Prime Market, gainers were led by air transportation, precision instruments and construction issues.

Japan Airlines climbed 66.5 yen, or 2.4 percent, to 2,886.0 yen, while ANA Holdings, the parent company of All Nippon Airways Co., rose 97 yen, or 3.2 percent, to 3,124 yen. (1 Japanese yen equals 0.0067 U.S. dollar)

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 Leeds Times.

More Information

2 ℃

Fair in Leeds

Europe

Section

Pentagon secretly providing bombs for Israeli bombardments

The U.S. has supplied Israel with scores of BLU-109 bunker-buster bombs since October 7, the Wall Street Journal has reported, ...

Finland says Russia to blame for migrant crowding eastern border

HELSINKI, Finland: After Finland joined the North Atlantic Treaty Organization (NATO) earlier this year, hundreds of migrants from the Middle ...

Heavy snowfall, blizzards reported in Moldova, Romania and Bulgaria

CHISINAU, Moldova: Over the weekend, heavy snowfall and strong blizzards in Romania, Moldova and Bulgaria left one person dead and ...

EU voices optimism for Bangladesh's election: Calls for democracy, credibility

DHAKA, Bangladesh - The European Union (EU) expressed hope on Wednesday that Bangladesh would hold democratic, credible, peaceful, and participatory ...

Housing SOS: Irish ministers work to avoid potential homelessness for asylum seeker

DUBLIN, Ireland - The government has admitted that it may not be able to accommodate all asylum seekers who arrive ...

Warfare ruins the environment - and not just on the front lines

On the morning of December 6 1917, a French cargo ship called SS Mont-Blanc collided with a Norwegian vessel in ...

International

Section