morning session: The key market gauge tumbled 422.94 points Thursday. ; The Topix index of all first-section issues finished up 29.69 points, or 1.94 percent, at 1,563.96, after giving up 33.14 points the previous day, according to The Japan Times. The market got off to a strong start in the wake of the Dow Jones industrial average's upturn on the New York Stock Exchange on Thursday. The 225-issue Nikkei average surged 420.75 points, or 2.00 percent to end at 21,466.99 on the Tokyo Stock Exchange, snapping a three-day losing streak. Both the Nikkei and Topix expanded their gains throughout the morning session, as investors kept buying back or hunting shares that had dropped to reasonable levels in the recent slump, brokers said. In the afternoon, however, the market turned lethargic amid a lack of fresh trading incentives. A rise in Dow futures in off-hours trading and bullishness in Shanghai stocks also contributed to the Tokyo market's rally, they added.
(news.financializer.com). As
reported in the news.
Tagged under morning session, hunting shares topics.