分享缩略图
 

Tokyo stocks end higher on cheaper yen

0 Comment(s)Print E-mail Xinhua, June 24, 2024
Adjust font size:

TOKYO, June 24 (Xinhua) -- Tokyo stocks closed higher on Monday as the yen's weakness against the U.S. dollar supported buying of a wide range of export-oriented issues.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 208.18 points, or 0.54 percent, from Friday at 38,804.65.

The broader Topix index, meanwhile, finished 15.50 points, or 0.57 percent, higher at 2,740.19.

The U.S. dollar briefly hit a two-month high close to the 160 yen line Monday in Tokyo. Against the backdrop of a weakening yen, auto-linked shares like Toyota rallied across the board, analysts said.

A weaker yen helps boost Japanese exporters' overseas earnings when repatriated and increases their competitiveness.

Among major shares in Tokyo, Toyota climbed 2.47 percent to 3,150 yen, and Honda gained 1.68 percent to 1,688 yen. 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