market gauge: On Wednesday, the key market gauge surged 274.55 points, according to The Japan Times. The Topix index of all first-section issues ended up 11.60 points, or 0.75 percent, at 1,564.69, after gaining 17.77 points the previous day. The 225-issue Nikkei average jumped 171.26 points, or 0.88 percent, to close at 19,564.80, the highest closing level since Jan. 4. Tokyo stocks attracted hefty purchases following a surge in U.S. equities. Investors also took heart from the yen's weakening against the dollar stemming from remarks on Wednesday by U.S. Federal Reserve Governor Lael Brainard, who suggested an early rate interest rate hike by the Fed, brokers said. The Dow Jones industrial average hit a record closing high above 21,000 on Wednesday, after Trump successfully wiped out investor worries over his economic policies in his first address to a joint session of Congress on Tuesday.
(news.financializer.com). As
reported in the news.
Tagged under market gauge, dow jones topics.