Tokyo shares rise on Chinese data, US stimulus hope

0:00
play article
Subscribers can listen to this article
View of Mt. Fuji and Tokyo skyline at dusk.
View of Mt. Fuji and Tokyo skyline at dusk.

Tokyo stocks ended higher Thursday on strong Chinese trade data and hopes for fresh US stimulus under the incoming administration.

The benchmark Nikkei 225 added 0.85%, or 241.67 points, to 28 698.26, while the broader Topix index rose 0.48%, or 8.88 points, to 1 873.28.

"The market was supported by positive Chinese trade data," Okasan Online Securities said, after official figures showed China's trade surplus hit a record in December due to brisk exports.

"The Nikkei index advanced further following reports that the next US administration under Biden will launch additional stimulus worth $2 trillion," it added.

The dollar fetched 104.05 yen in Asian trade, against 103.82 yen in New York.

Among major shares in Tokyo, Uniqlo operator Fast Retailing rallied 1.66% to 93 660 yen, industrial robot maker Fanuc ended up 2.22% at 27 675 yen, and Sony was up 0.47% at 10 750 yen.

Among pharmaceuticals, Chugai ended down 0.60% at 5 802 yen and Shionogi was down 0.75% at 5 841 yen after brokerage firms downgraded their evaluation of its shares.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
14.90
(+0.49)
ZAR/GBP
20.38
(+0.31)
ZAR/EUR
18.12
(+0.35)
ZAR/AUD
11.54
(+0.16)
ZAR/JPY
0.14
(+0.33)
Gold
1852.99
(+0.67)
Silver
25.50
(+1.14)
Platinum
1098.35
(+1.37)
Brent Crude
55.94
(+2.10)
Palladium
2358.00
(+0.80)
All Share
63603.26
(-0.17)
Top 40
58358.85
(-0.32)
Financial 15
12017.40
(+0.95)
Industrial 25
85061.23
(+0.29)
Resource 10
62265.14
(-1.51)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 687 votes
No, I did not.
52% - 1719 votes
My landlord refused
28% - 918 votes
Vote