BR100 Decreased By (-0.7%)
BR30 Decreased By (-0.77%)
KSE100 Decreased By (-0.53%)
KSE30 Decreased By (-0.55%)
BECO 5.66 Decreased By ▼ -0.02 (-0.35%)
BML 63.53 Decreased By ▼ -1.31 (-2.02%)
BOP 33.60 No Change ▼ 0.00 (0%)
CNERGY 8.14 Decreased By ▼ -0.10 (-1.21%)
DCL 11.40 Increased By ▲ 0.05 (0.44%)
FCCL 52.18 Decreased By ▼ -0.73 (-1.38%)
FCSC 5.52 No Change ▼ 0.00 (0%)
FFL 17.75 Decreased By ▼ -0.05 (-0.28%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.20 Decreased By ▼ -0.04 (-0.36%)
KEL 7.88 Decreased By ▼ -0.09 (-1.13%)
KOSM 5.63 Increased By ▲ 0.19 (3.49%)
MLCF 85.75 Decreased By ▼ -0.26 (-0.3%)
NBP 184.00 Decreased By ▼ -1.00 (-0.54%)
PACE 11.68 Decreased By ▼ -0.34 (-2.83%)
PAEL 40.30 Increased By ▲ 0.09 (0.22%)
PIAHCLA 25.87 Increased By ▲ 0.14 (0.54%)
PIBTL 17.05 Decreased By ▼ -0.27 (-1.56%)
PPL 224.70 Decreased By ▼ -0.60 (-0.27%)
PRL 34.60 Increased By ▲ 0.22 (0.64%)
PTC 64.19 Decreased By ▼ -1.27 (-1.94%)
SEARL 90.40 Decreased By ▼ -0.11 (-0.12%)
SSGC 26.56 Decreased By ▼ -0.20 (-0.75%)
TELE 9.08 Increased By ▲ 0.12 (1.34%)
THCCL 67.23 Decreased By ▼ -2.21 (-3.18%)
TPLP 11.40 Increased By ▲ 0.09 (0.8%)
TREET 24.70 Increased By ▲ 0.15 (0.61%)
TRG 71.14 Decreased By ▼ -0.53 (-0.74%)
WAVES 10.91 Decreased By ▼ -0.54 (-4.72%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
Markets

Tokyo stocks extend gains at open

Published January 9, 2018 Updated January 9, 2018 10:07am

TOKYO: opened stronger Tuesday after closing at a new 26-year-high last week and following fresh records on the S&P 500 and Nasdaq that encouraged investor sentiment.

The benchmark Nikkei 225 index added 0.97 percent or 229.34 points to 23,943.87 in early trade while the broader Topix index opened up 0.75 percent or 14.05 points at 1,894.39.

Japanese markets were playing catch-up after closing Monday for a public holiday.

The Tokyo market "is in a favourable environment" but traders could start selling to adjust their positions towards the end of the session, SBI Securities said in a commentary.

The dollar traded at 113.12 yen in early Asian trade, slightly up from 113.08 yen in New York.

On Wall Street, the broad-based S&P 500 added 0.2 percent to end the session at 2,747.71, while the tech-rich Nasdaq Composite Index rose 0.3 percent to close at 7,157.39.

But the Dow Jones Industrial Average dipped 0.1 percent to 25,283.00, showing signs that momentum was petering out.

In Tokyo, exporters were broadly higher, with Sony gaining 0.88 percent to 5,512 yen and Toyota trading up 0.26 percent at 7,572 yen.

Banks were also higher, with Mitsubishi UFJ 0.92 percent higher at 43,000 yen and Sumitomo Mitsui Financial rising 1.08 percent at 5,150 yen.

Copyright AFP (Agence France-Press), 2018
 

 

Comments

Comments are closed for this article.