Tokyo market: On Tuesday, it lost 402.01 points, according to The Japan Times. The Topix finished up 40.47 points, or 2.98 percent, at 1,400.70, after falling 32.40 points the previous day. The Nikkei surged 455.02 points, or 2.72 percent, to close at 17,163.92. The Tokyo market got off to a firmer start after the Dow Jones industrial average turned sharply higher on Tuesday thanks to solid crude oil futures prices in New York. The market accelerated its upswing by the middle of the morning session, briefly pushing up the Nikkei by more than 530 points. Export-oriented issues, such as automakers and electronics producers, attracted purchases as investor sentiment improved on the back of stronger-than-expected readings of the U.S. Conference Board consumer confidence index for January, brisk corporate earnings in the United States and the yen fall, brokers said.
(news.financializer.com). As
reported in the news.
Tagged under Tokyo market, topics.