ANL 23.10 Decreased By ▼ -0.70 (-2.94%)
ASC 16.10 Decreased By ▼ -0.30 (-1.83%)
ASL 22.25 Decreased By ▼ -0.40 (-1.77%)
BOP 8.55 Increased By ▲ 0.17 (2.03%)
BYCO 8.96 Increased By ▲ 0.15 (1.7%)
FCCL 18.07 Decreased By ▼ -0.40 (-2.17%)
FFBL 24.45 Decreased By ▼ -0.15 (-0.61%)
FFL 17.90 Decreased By ▼ -0.15 (-0.83%)
FNEL 8.40 Decreased By ▼ -0.14 (-1.64%)
GGGL 22.09 Decreased By ▼ -0.21 (-0.94%)
GGL 43.18 Decreased By ▼ -0.77 (-1.75%)
HUMNL 7.02 Decreased By ▼ -0.15 (-2.09%)
JSCL 20.85 Decreased By ▼ -0.73 (-3.38%)
KAPCO 37.90 Decreased By ▼ -0.20 (-0.52%)
KEL 3.61 Increased By ▲ 0.01 (0.28%)
MDTL 3.00 Decreased By ▼ -0.07 (-2.28%)
MLCF 36.30 Decreased By ▼ -0.18 (-0.49%)
NETSOL 153.30 Decreased By ▼ -4.45 (-2.82%)
PACE 5.98 Decreased By ▼ -0.03 (-0.5%)
PAEL 31.20 Decreased By ▼ -0.45 (-1.42%)
PIBTL 9.36 Decreased By ▼ -0.11 (-1.16%)
POWER 7.90 Decreased By ▼ -0.14 (-1.74%)
PRL 20.85 Decreased By ▼ -0.13 (-0.62%)
PTC 10.40 Increased By ▲ 0.02 (0.19%)
SILK 1.67 Decreased By ▼ -0.02 (-1.18%)
SNGP 43.19 Decreased By ▼ -0.56 (-1.28%)
TELE 22.06 Decreased By ▼ -0.64 (-2.82%)
TRG 173.50 Decreased By ▼ -2.41 (-1.37%)
UNITY 36.20 Decreased By ▼ -0.77 (-2.08%)
WTL 3.25 Decreased By ▼ -0.08 (-2.4%)
BR100 4,979 Decreased By ▼ -47.44 (-0.94%)
BR30 24,460 Decreased By ▼ -312.8 (-1.26%)
KSE100 46,636 Decreased By ▼ -284.38 (-0.61%)
KSE30 18,480 Decreased By ▼ -177.85 (-0.95%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,072
6824hr
Pakistan Cases
1,218,749
2,92824hr
5.08% positivity
Sindh
448,658
Punjab
419,423
Balochistan
32,707
Islamabad
103,720
KPK
170,391
Markets

Tokyo stocks close up for third straight session

  • The benchmark Nikkei 225 index rose 0.49 percent, or 136.93 points, to 27,970.22, while the broader Topix index gained 0.64 percent, or 12.42 points, to 1,938.04
27 Jul 2021

TOKYO: Tokyo stocks closed higher for a third consecutive session Tuesday following rallies on Wall Street, though trading remained cautious ahead of the US Federal Reserve's latest meeting.

The benchmark Nikkei 225 index rose 0.49 percent, or 136.93 points, to 27,970.22, while the broader Topix index gained 0.64 percent, or 12.42 points, to 1,938.04.

Japanese shares gained ground after the three major US indices closed at fresh records, as big earnings announcements overcame fears that the Delta coronavirus variant could hold back the country's economic recovery.

Tokyo stocks close down for fifth straight session

But profit-taking emerged later, eroding part of the early gains, said Shinichi Yamamoto, a broker at Okasan Securities.

"Whenever the Nikkei approaches 28,000, buying momentum tends to become more subdued," Yamamoto told AFP.

"Trading is expected to stay within the current range for now."

Many investors remained on the sidelines ahead of the two-day Fed policy meeting starting later Tuesday, dealers said.

The dollar fetched 110.22 yen in Asian afternoon trade, against 110.31 yen in New York late Monday.

Nissan, which will announce its first-quarter earnings on Wednesday, jumped 2.09 percent to 571.5 yen with Toyota up 0.42 percent at 9,871 yen.

Online mall giant Rakuten dived 7.31 percent to 1,217 yen after ratings agency S&P downgraded the company's long-term rating to BB+, a junk status.

Comments

Comments are closed.