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Tokyo stocks jump as weak yen boosts exporters amid U.S. election

0 Comment(s)Print E-mail Xinhua, November 6, 2024
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TOKYO, Nov. 6 (Xinhua) -- Tokyo stocks jumped on Wednesday as yen's depreciation boosted export-reliant Japanese shares while investors priced in a possible win for Republican nominee Donald Trump in the U.S. presidential election.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, went up 1,005.77 points, or 2.61 percent, to close at 39,480.67.

The yen had fallen to 154 per dollar on Wednesday, a move that encouraged buying across Japan's export-heavy market sectors, benefiting major players like Fanuc and Nintendo.

Japanese semiconductor stocks, including Tokyo Electron and Advantest, saw particular gains as the Tokyo market followed the lead of U.S. tech stocks, which had climbed during the previous session.

Despite the broad gains, individual stocks like Honda and Subaru saw losses following profit warnings and revised forecasts.

The broader Tokyo Stock Price Index (TOPIX) also rose, closing 1.94 percent higher at 2,715.92.

Of the listed stocks on the top-tier Prime Market, 1,099 declined, 486 advanced and 62 remained flat. Enditem

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