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 Scotland Star.

More Information

12 ℃

Fair in Edinburgh

UK

Section

Survey retains New York as world's top financial center, London second

LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with ...

Global aluminum output at record high in August with demand from China

LONDON, UK: In August, global production of primary aluminum hit an all-time high, with production running at an annualized rate ...

Adidas launches newest running shoes costing $500

LONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...

Serbia Reduces Army Presence Near Kosovo After US Expressed Concern

BELGRADE, Serbia - The Serbian army has cut the number of troops stationed on the border with Kosovo by nearly ...

"In close coordination with Canada...": US on Nijjar's killing

Washington DC [US], October 3 (ANI): The US has said it is in close coordination with Canada on allegations regarding ...

Even before deepfakes, tech was a tool of abuse and control

Of the many "profound risks to society and humanity" that have tech experts worried about artificial intelligence (AI), the spread ...

International

Section