To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
TOKYO (Jiji Press) — The benchmark Nikkei stock average rebounded moderately Thursday, backed by higher U.S. equities and the yen’s weakening.
The Nikkei average of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section gained 103.94 points, or 0.40%, to finish at 25,820.80, after dropping 377.64 points Wednesday.
The broader TOPIX index inched up 0.75 points, or 0.04%, to end at 1,868.90, following a 23.56-point decline the previous day.
Sentiment in the Tokyo market improved after key U.S. stock indexes finished higher overnight, market sources said.
The market’s rally, however, was limited due to profit-taking selling, with the TOPIX index temporarily falling into negative terrain.
“Trading was sparse amid a dearth of fresh market-moving factors and a wait-and-see mood ahead of the release on Thursday of U.S. Automatic Data Processing Inc.’s employment data for December,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co.
Maki Sawada, strategist at Nomura Securities Co., said that the Tokyo market’s rally was capped by concerns that U.S. monetary tightening may be prolonged.
