Theme Parks: Percent and Wednesday Sentiment

theme parks: Investors hunted a wide range of stocks from the outset, taking heart from the U.S. Dow Jones industrial average gaining 2.2 percent to close above 25,000 for the first time in some 10 weeks on Wednesday, according to The Japan Times. Sentiment was brightened by moves in the world to awaken economic activities from their torpor induced by the novel coronavirus, including Walt Disney Co.'s announcement of phased reopenings for its theme parks from July, brokers said. The Nikkei average of 225 selected issues on the first section of the Tokyo Stock Exchange climbed 497.08 points, or 2.32 percent, to end at 21,916.31, following a 148.06-point rise on Wednesday. ; The Topix index of all first-section issues soared 27.87 points, or 1.80 percent, to 1,577.34, after adding 14.74 points the previous day. A rise in Dow futures in off-hours trading helped the Tokyo market extend gains by shrugging off selling to lock in profits in the current rally, in which the Nikkei scaled over 1,000 points in the past three sessions. Maki Sawada, vice president of Nomura Securities Co.'s Investment Research & Investor Services Department, noted that the investors also welcomed the European Commission's proposal of a 750 billion recovery fund. Meanwhile, concerns over an escalation of U.S.-China tensions grew ahead of China's expected adoption later on Thursday of national security legislation to tighten control of Hong Kong, brokers pointed out. ( As reported in the news.

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