Tokyo stocks opened higher on Friday

Tokyo stocks opened higher on Friday, extending rallies on Wall Street with investor focus shifting to key US jobs data due later in the day.

The benchmark Nikkei 225 index was up 1.21 percent or 354.79 points at 29,743.66 in early trade, while the broader Topix index gained 1.03 percent or 20.10 points to 1,977.74.

  Learn about the COVID-19 pandemic from News Hour  

“Japanese shares are seen rallying supported by gains in US shares,” said Toshiyuki Kanayama, senior analyst at Monex.

“The focus will be on whether the Nikkei index will keep rising ahead of US jobs data this evening, as a wait-and-see attitude will likely grow,” he added.

The dollar fetched 110.52 yen in early Asian trade, against 110.62 yen in New York on late Thursday, reports BSS.

In Tokyo, some exporters were higher, with Sony jumping 4.21 percent to 12,140 yen and Toyota trading up 1.59 percent at 8,557 yen.

Mizuho Financial was down 0.34 percent at 1,589.5 yen after a report said the bank may have lost around $90 million in the Archegos stocks sale saga that has hit financial institutions worldwide.

A fire sale late last month by Archegos Capital Management, which looks after the fortune of businessman Bill Hwang, has left global banks from Japan’s Nomura to Switzerland’s Credit Suisse counting losses.

Mizuho’s reported losses are far smaller than those incurred by some institutions, with Nomura warning of up to $2 billion in exposure.

Follow News Hour
News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Donate your zakat for the treatment of poor thalassemia patients
Join the mailing list of News Hour now

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Queen Elizabeth's husband Prince Philip dies at 99
Samsung launches T-series TV in Bangladesh
Bangla song "Nishiddho" an epic poem has been released online
The closing screen is down for Bangabandhu Bangladesh Games
Bangla song "bhoy" published on YouTube with all the dark feelings
Omni hotels & resorts says “goodnight to hunger”

Advertisement

Contribute to News Hour

News of the Month

April 2021
S M T W T F S
 123
45678910
11121314151617
18192021222324
252627282930  
Scroll Up
%d bloggers like this: