AVN 64.74 Decreased By ▼ -0.26 (-0.4%)
BAFL 31.23 Increased By ▲ 0.08 (0.26%)
BOP 4.82 Increased By ▲ 0.11 (2.34%)
CNERGY 3.86 Decreased By ▼ -0.02 (-0.52%)
DFML 14.11 Increased By ▲ 0.41 (2.99%)
DGKC 41.69 Increased By ▲ 0.42 (1.02%)
EPCL 46.36 Decreased By ▼ -0.33 (-0.71%)
FCCL 11.41 Decreased By ▼ -0.01 (-0.09%)
FFL 5.06 Increased By ▲ 0.02 (0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 9.92 Decreased By ▼ -0.03 (-0.3%)
HUBC 64.23 Increased By ▲ 0.13 (0.2%)
HUMNL 5.61 Decreased By ▼ -0.04 (-0.71%)
KAPCO 27.84 Increased By ▲ 0.04 (0.14%)
KEL 2.15 Increased By ▲ 0.02 (0.94%)
LOTCHEM 24.52 Increased By ▲ 0.22 (0.91%)
MLCF 21.75 Increased By ▲ 0.35 (1.64%)
NETSOL 84.19 Decreased By ▼ -0.01 (-0.01%)
OGDC 87.30 Decreased By ▼ -0.64 (-0.73%)
PAEL 10.95 Increased By ▲ 0.05 (0.46%)
PIBTL 4.24 Increased By ▲ 0.06 (1.44%)
PPL 76.63 Decreased By ▼ -1.07 (-1.38%)
PRL 13.69 Increased By ▲ 0.07 (0.51%)
SILK 0.90 Increased By ▲ 0.01 (1.12%)
SNGP 41.52 Decreased By ▼ -0.41 (-0.98%)
TELE 5.95 Increased By ▲ 0.08 (1.36%)
TPLP 15.77 Decreased By ▼ -0.01 (-0.06%)
TRG 111.25 Decreased By ▼ -1.05 (-0.93%)
UNITY 13.92 Decreased By ▼ -0.03 (-0.22%)
WTL 1.14 Increased By ▲ 0.01 (0.88%)
BR100 4,046 Decreased By -1.8 (-0.05%)
BR30 14,434 Decreased By -33.1 (-0.23%)
KSE100 40,620 Decreased By -53.1 (-0.13%)
KSE30 15,170 Decreased By -20 (-0.13%)
Markets

Tokyo stocks open higher on US rallies

  • Telecoms were also higher, with KDDI rallying 2.31 percent to 3,451 yen and NTT gaining 0.91 percent to 2,813.5 yen.
Published March 10, 2021
Follow us

TOKYO: Tokyo stocks opened higher on Wednesday supported by rallies on Wall Street.

The benchmark Nikkei 225 index was up 0.33 percent or 97.13 points at 29,125.07 in early trade, while the broader Topix index gained 0.05 percent or 1.04 points to 1,918.72.

"Japanese shares are rising after gains in US shares with a lull in the rise in US long-term yields," senior analyst Toshiyuki Kanayama of Monex said in a commentary.

On Wall Street, the tech-rich Nasdaq shook off recent weakness and finished up 3.7 percent in its best session since November.

Higher borrowing costs along with high interest rates have had adverse effects especially on high-tech firms.

The Dow ended up 0.1 percent at 31,832.74.

The dollar fetched 108.59 yen in early Asian trade, against 108.50 yen in New York late Tuesday.

In Tokyo, some electronics and IT firms were higher, with Sony trading up 1.53 percent at 10,975 yen and Fujitsu up 2.86 percent at 15,640 yen.

Telecoms were also higher, with KDDI rallying 2.31 percent to 3,451 yen and NTT gaining 0.91 percent to 2,813.5 yen.

Automakers were lower, with Toyota slipping 0.49 percent to 8,149 yen, Honda trading down 1.87 percent at 3,205 yen, and Nissan off 2.37 percent at 600.2 yen.

Comments

Comments are closed.

Tokyo stocks open higher on US rallies

'Higher than expectations': Pakistan's headline inflation clocks in at 27.6% in January

Rupee sustains losses, settles at 268.83 against US dollar

Fawad Chaudhry released from Adiala jail

Imran says governor KP's letter to ECP regarding delay in polls raises 'suspicions’

Cannot rule out internal assistance for Peshawar bombing: police

Peshawar attack: ‘Who brought the terrorists back?’, asks PM Shehbaz

Hyundai-Nishat jacks up car prices by up to Rs500,000 in Pakistan

Maryam Nawaz says PML-N will clean sweep upcoming elections

PSX sees range-bound session, KSE-100 falls 0.13%

US, India partnership targets arms and AI to compete with China