midmorning trading: On Tuesday, the key market gauge advanced 52.55 points. ; The Topix index of all first-section issues finished up 4.22 points, or 0.26 percent, at 1,630.68, after falling 1.47 points the previous day, according to The Japan Times. The Tokyo market got off to a higher start, tracking a Wall Street rally on Tuesday. The 225-issue average gained 56.31 points, or 0.25 percent, to end at 22,277.97. Selling seemingly to lock in profits took the upper hand in midmorning trading amid the yen's strengthening against the dollar, briefly pushing down both Nikkei and Topix indexes into negative territory. In the afternoon, the price indexes moved sideways amid a dearth of fresh trading incentives. The market soon took an upturn on renewed buying by investors who took heart from stronger-than-expected Chinese economic data released Wednesday, such as January-March gross domestic product and March industrial production, brokers said.
(news.financializer.com). As
reported in the news.
Tagged under midmorning trading, market gauge topics.