AGL 5.77 Decreased By ▼ -0.31 (-5.1%)
ANL 9.01 Decreased By ▼ -0.39 (-4.15%)
AVN 78.40 Decreased By ▼ -3.06 (-3.76%)
BOP 5.16 Decreased By ▼ -0.11 (-2.09%)
CNERGY 4.66 Decreased By ▼ -0.24 (-4.9%)
EFERT 80.54 Decreased By ▼ -1.01 (-1.24%)
EPCL 51.97 Decreased By ▼ -2.03 (-3.76%)
FCCL 13.59 Decreased By ▼ -0.81 (-5.63%)
FFL 5.87 Decreased By ▼ -0.18 (-2.98%)
FLYNG 7.09 Decreased By ▼ -0.47 (-6.22%)
FNEL 4.82 Decreased By ▼ -0.18 (-3.6%)
GGGL 8.89 Decreased By ▼ -0.43 (-4.61%)
GGL 15.89 Decreased By ▼ -0.81 (-4.85%)
HUMNL 5.83 Increased By ▲ 0.14 (2.46%)
KEL 2.60 Decreased By ▼ -0.19 (-6.81%)
LOTCHEM 29.94 Decreased By ▼ -0.61 (-2%)
MLCF 25.40 Decreased By ▼ -2.39 (-8.6%)
OGDC 72.23 Decreased By ▼ -1.77 (-2.39%)
PAEL 15.42 Decreased By ▼ -0.77 (-4.76%)
PIBTL 5.03 Decreased By ▼ -0.20 (-3.82%)
PRL 16.37 Decreased By ▼ -0.92 (-5.32%)
SILK 1.09 No Change ▼ 0.00 (0%)
TELE 9.60 Decreased By ▼ -0.44 (-4.38%)
TPL 7.30 Decreased By ▼ -0.40 (-5.19%)
TPLP 19.18 Decreased By ▼ -0.59 (-2.98%)
TREET 21.93 Decreased By ▼ -1.26 (-5.43%)
TRG 144.54 Decreased By ▼ -2.81 (-1.91%)
UNITY 16.60 Decreased By ▼ -0.59 (-3.43%)
WAVES 10.01 Decreased By ▼ -0.37 (-3.56%)
WTL 1.36 Decreased By ▼ -0.10 (-6.85%)
BR100 4,230 Decreased By -100.1 (-2.31%)
BR30 15,822 Decreased By -474.4 (-2.91%)
KSE100 42,071 Decreased By -832.3 (-1.94%)
KSE30 15,504 Decreased By -300.7 (-1.9%)
Follow us

TOKYO: Japan’s Nikkei ended above the key psychological level of 29,000 on Wednesday for the first time in more than seven months, after an overnight Wall Street rally in major indexes following robust earnings by US retailers.

The Nikkei share average rose 1.23% to 29,222.77, its highest closing level since Jan. 5. The broader Topix advanced 1.26% to 2,006.99.

“Strong US equities lifted investor sentiment,” said Takatoshi Itoshima, a strategist at Pictet Asset Management Japan. “Investors responded to the upbeat earnings of US retailers.” The Dow and S&P 500 had risen on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the health of consumers, while technology shares declined and weighed on the Nasdaq.

Uniqlo clothing store owner Fast Retailing was the biggest boost to the Nikkei, rising 2.8%, followed by air-conditioner maker Daikin Industries, up 2.02% and telephone company KDDI, gaining 1.43%.

Tokyo Electric Power Holdings added 3.66% on expectations of a restart of nuclear power plants after a report that the nuclear authority approved establishment of anti-terrorism facilities at a nuclear plant, a market participant said.

Among technology heavyweights, cybersecurity platform provider Trend Micro lost 2.08% and weighed on the Nikkei the most. Robot maker Fanuc slipped 0.89%.

There were 207 advancers on the Nikkei index against 17 decliners.

The volume of shares traded on the Tokyo Stock Exchange’s main board was 1.18 billion, compared to the last 30-day average of 1.16 billion.

Comments

Comments are closed.

Nikkei ends above 29,000

IMF, govt begin virtual engagement

Army’s role restricted to constitutional mandate: Bajwa

A democratic Pakistan is in Washington’s own interest: State Dept

Dar willing to allow sugar export?

Terrorism case: ATC extends interim bails of IK, others till Dec 9

Presidential Reference on Reko Diq project: SC to announce short order next week

Tax-exempted areas: FBR sets up checkposts to monitor supplies

Nepra decides to grant QASPPL micro-grid licences

TTP ends ceasefire, orders nationwide attacks

Saudi unveils plan for massive new airport in capital