Tokyo stocks close higher after US gains

accreditation
0:00
play article
Subscribers can listen to this article
Japan's household spending dipped 10.2 percent in September on-year, according to the internal affairs ministry data released before the opening bell.
Japan's household spending dipped 10.2 percent in September on-year, according to the internal affairs ministry data released before the opening bell.
Photography by ZhangXun

Tokyo stocks closed higher on Friday, tracking rises in US shares as investors cheered President Joe Biden's pledge to boost vaccination efforts.

The Nikkei 225 gained 1.56%, or 446.82 points, to end at 29 176.70, while the broader Topix index rose 1.46%, or 28.61 points, to 1 984.16.

The Tokyo market kept up momentum seen in New York, where investors welcomed Biden's pledge to administer 200 million doses of Covid-19 vaccine in his first 100 days in office - double his earlier target - fuelling hope that the economy may soon regain a sense of normalcy.

"The Nikkei index rose following gains of all three major US indexes," Okasan Online Securities said.

In Tokyo trading, SoftBank Group grew 1.79% to 9 238 yen while Fast Retailing added 0.88% to 85 650 yen.

Automakers were higher with Toyota jumping 2.47% to 8 359 yen, Honda rising 0.85% to 3 304 yen and Nissan growing 2.29% to 605 yen.

Sony climbed 1.96% to 11 435 yen.

The dollar bought 109.26 yen in Tokyo in the afternoon, compared with 109.23 in New York overnight.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can 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. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.17
+0.5%
Rand - Pound
19.63
+0.2%
Rand - Euro
16.59
+0.2%
Rand - Aus dollar
11.52
+0.2%
Rand - Yen
0.12
+0.2%
Gold
1,802.29
0.0%
Silver
20.82
0.0%
Palladium
2,227.50
0.0%
Platinum
966.00
0.0%
Brent Crude
98.15
-1.5%
Top 40
63,996
-1.0%
All Share
70,731
-0.8%
Resource 10
64,048
-2.8%
Industrial 25
86,577
-0.6%
Financial 15
16,059
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders