ANL 22.33 Decreased By ▼ -1.86 (-7.69%)
ASC 14.60 Decreased By ▼ -0.60 (-3.95%)
ASL 23.65 Increased By ▲ 1.65 (7.5%)
BOP 8.28 Decreased By ▼ -0.14 (-1.66%)
BYCO 8.15 Decreased By ▼ -0.31 (-3.66%)
FCCL 17.97 Increased By ▲ 0.57 (3.28%)
FFBL 23.48 Decreased By ▼ -0.74 (-3.06%)
FFL 16.10 Decreased By ▼ -0.80 (-4.73%)
FNEL 7.97 Decreased By ▼ -0.18 (-2.21%)
GGGL 19.40 Decreased By ▼ -1.29 (-6.23%)
GGL 41.74 Increased By ▲ 0.21 (0.51%)
HUMNL 6.34 Decreased By ▼ -0.21 (-3.21%)
JSCL 19.37 Decreased By ▼ -0.76 (-3.78%)
KAPCO 37.18 Decreased By ▼ -0.32 (-0.85%)
KEL 3.48 Decreased By ▼ -0.03 (-0.85%)
MDTL 2.70 Decreased By ▼ -0.25 (-8.47%)
MLCF 34.99 Decreased By ▼ -0.06 (-0.17%)
NETSOL 139.30 Decreased By ▼ -5.55 (-3.83%)
PACE 5.12 Decreased By ▼ -0.85 (-14.24%)
PAEL 28.35 Decreased By ▼ -1.74 (-5.78%)
PIBTL 8.90 Decreased By ▼ -0.27 (-2.94%)
POWER 7.30 Decreased By ▼ -0.30 (-3.95%)
PRL 18.30 Decreased By ▼ -0.95 (-4.94%)
PTC 10.00 Decreased By ▼ -0.12 (-1.19%)
SILK 1.51 Decreased By ▼ -0.11 (-6.79%)
SNGP 45.30 Increased By ▲ 1.80 (4.14%)
TELE 20.41 Decreased By ▼ -1.59 (-7.23%)
TRG 169.50 Decreased By ▼ -1.00 (-0.59%)
UNITY 33.05 Decreased By ▼ -0.89 (-2.62%)
WTL 2.96 Decreased By ▼ -0.13 (-4.21%)
BR100 4,822 Decreased By ▼ -36.54 (-0.75%)
BR30 23,477 Decreased By ▼ -388.55 (-1.63%)
KSE100 45,670 Decreased By ▼ -338.81 (-0.74%)
KSE30 18,053 Decreased By ▼ -126.11 (-0.69%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,374
4724hr
Pakistan Cases
1,230,238
2,33324hr
4.56% positivity
Sindh
452,267
Punjab
424,701
Balochistan
32,796
Islamabad
104,472
KPK
171,874
Markets

Tokyo stocks open higher with eyes on US Fed

  • The dollar fetched 110.28 yen in early Asian trade, against 110.31 yen in New York late Monday
27 Jul 2021

TOKYO: Tokyo stocks opened higher on Tuesday in cautious trade ahead of the results of the US Federal Reserve's latest meeting.

The benchmark Nikkei 225 index was up 0.13 percent, or 34.94 points, at 27,868.23 in early trade, while the broader Topix index edged up 0.44 percent, or 8.39 points, to 1,934.01.

"Japanese shares are seen starting with gains supported by US rises," Mizuho Securities said in a note.

"However, a wait-and-see attitude will gradually emerge" ahead of the two-day Fed policy meeting starting later in the day, it added.

The dollar fetched 110.28 yen in early Asian trade, against 110.31 yen in New York late Monday.

In Tokyo, shares in firms that tend to be sensitive to economic cycles of production and consumption were relatively higher.

The world's top-selling automaker Toyota was trading up 0.34 percent at 9,863 yen, while Nippon Steel was 2.15 percent higher at 1,851 yen, and Sony was trading up 0.36 percent at 11,015 yen.

Online mall giant Rakuten dived 7.38 percent to 1,216 yen after ratings agency S&P downgraded the company's long-term rating to BB+, a junk status.

On Wall Street, all three major indices mustered narrow gains, with the Dow ending up 0.2 percent at 35,144.31.

Comments

Comments are closed.