AGL 5.27 Decreased By ▼ -0.23 (-4.18%)
ANL 8.45 Decreased By ▼ -0.04 (-0.47%)
AVN 75.82 Increased By ▲ 0.02 (0.03%)
BOP 5.15 Decreased By ▼ -0.09 (-1.72%)
CNERGY 4.41 Decreased By ▼ -0.01 (-0.23%)
EFERT 81.30 Decreased By ▼ -0.33 (-0.4%)
EPCL 49.29 Decreased By ▼ -0.41 (-0.82%)
FCCL 12.40 Decreased By ▼ -0.39 (-3.05%)
FFL 5.51 Increased By ▲ 0.01 (0.18%)
FLYNG 6.82 Increased By ▲ 0.09 (1.34%)
FNEL 4.68 Decreased By ▼ -0.02 (-0.43%)
GGGL 9.27 Increased By ▲ 0.85 (10.1%)
GGL 14.88 Increased By ▲ 0.93 (6.67%)
HUMNL 6.18 Increased By ▲ 0.10 (1.64%)
KEL 2.57 Increased By ▲ 0.01 (0.39%)
LOTCHEM 27.73 Increased By ▲ 0.08 (0.29%)
MLCF 23.57 Decreased By ▼ -0.22 (-0.92%)
OGDC 71.91 Increased By ▲ 0.81 (1.14%)
PAEL 15.13 Increased By ▲ 0.10 (0.67%)
PIBTL 4.83 Decreased By ▼ -0.07 (-1.43%)
PRL 15.66 Decreased By ▼ -0.32 (-2%)
SILK 1.07 Decreased By ▼ -0.03 (-2.73%)
TELE 8.85 Increased By ▲ 0.03 (0.34%)
TPL 7.34 Increased By ▲ 0.26 (3.67%)
TPLP 19.49 Increased By ▲ 0.23 (1.19%)
TREET 21.08 Increased By ▲ 0.23 (1.1%)
TRG 137.25 Increased By ▲ 0.65 (0.48%)
UNITY 16.30 Decreased By ▼ -0.25 (-1.51%)
WAVES 9.35 Increased By ▲ 0.10 (1.08%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 4,164 Increased By 6.3 (0.15%)
BR30 15,350 Increased By 10.3 (0.07%)
KSE100 41,698 Increased By 46.7 (0.11%)
KSE30 15,402 Increased By 22.3 (0.15%)
Follow us

TOKYO: Tokyo’s key Nikkei index closed over two percent higher on Thursday, extending rallies on Wall Street after the US Federal Reserve signalled a more muscular stance on inflation.

The Nikkei 225 jumped 2.13 percent, or 606.60 points, to end at 29,066.32, while the broader Topix index gained 1.46 percent, or 28.98 points, to 2,013.08.

“A sense of relief emerged after the Fed’s decision,” senior strategist Yoshihiro Ito of Okasan Online Securities said.

The approval of Moderna’s Covid-19 vaccine for boosters in Japan “prompted hopes that the third jab drive will accelerate”, contributing to rallies in the Tokyo market, he added.

The dollar fetched 114.17 yen in Asian trade, against 114.02 yen in New York late Wednesday.

Gains in Tokyo followed a strong rebound in US stocks, after the Fed said it would accelerate the wind-down of its stimulus bond-buying programme.

The Fed tapering decision “and plans to hike rates three times next year was within market expectations”, Daiwa Securities said.

Comments

Comments are closed.

Tokyo’s Nikkei up

Supreme Court declares new Reko Diq mine deal legal

Google opens liaison office in Pakistan, registers with SECP

Croatia stun Brazil in penalty shoot-out to reach World Cup semi-finals

Nawaz’s return will decide who wins elections: Rana Sanaullah

Rupee depreciation continues, settles at 224.4 against US dollar

Sindh police take Azam Swati into custody from Quetta

Putin says Russia may cut oil production over West’s price cap

At $561.16bn, India's forex reserves rise for 4th week, hit over 3-month high

Pakistan Refinery says will shut down for 'approximately 20 days'

Oil set for 10% weekly drop as demand worries dominate