yen drop: On Thursday, the key market gauge surged 1,092.88 points, the sharpest one-day point gain since Sept. 9 last year, according to The Japan Times. The Topix index of all first-section issues was up 1.93 points, or 0.14 percent, at 1,378.28, after climbing 75.19 points the previous day. The 225-issue Nikkei average rose 30.37 points, or 0.18 percent, to finish at 17,374.79. A wide range of issues drew buying early in the morning session following a record-breaking advance of the Dow Jones industrial average overnight and the yen drop, pushing up the Nikkei average more than 270 points at one stage. But the Tokyo market topside was weighed down later by profit-taking ahead of the weekend, reflecting investor wariness over the rapid pace of stock price gains, according to brokers. Investor expectations for U.S. economic policies under a Trump administration following his victory in the presidential election on Tuesday continued supporting the market, brokers said.
(news.financializer.com). As
reported in the news.
Tagged under yen drop, point gain topics.