分享缩略图
 

Tokyo stocks rise on buying of exporters

0 Comment(s)Print E-mail Xinhua, June 10, 2024
Adjust font size:

TOKYO, June 10 (Xinhua) -- Tokyo stocks closed higher on Monday, as export-related issues were sought on the back of a weaker yen after solid U.S. employment data reduced prospects of an early interest rate cut.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 354.23 points, or 0.92 percent, from Friday at 39,038.16.

The broader Topix index, meanwhile, finished 27.46 points, or 1.00 percent, higher at 2,782.49.

The U.S. dollar rose to the lower 157-yen range in Tokyo amid expectations that the Federal Reserve will keep interest rates elevated for longer after the release of stronger-than-expected U.S. jobs data for May, analysts said.

Market watchers here noted investors snapped up automakers and other exporters set to benefit from the yen's depreciation.

On the top-tier Prime Market, gainers were led by insurance, oil and coal product, and warehousing and harbor transportation service shares. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter