AGL 37.99 Increased By ▲ 0.42 (1.12%)
AIRLINK 131.51 Decreased By ▼ -0.99 (-0.75%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.79 Increased By ▲ 0.02 (0.53%)
DCL 8.62 Decreased By ▼ -0.25 (-2.82%)
DFML 40.76 Decreased By ▼ -0.24 (-0.59%)
DGKC 87.40 Decreased By ▼ -2.76 (-3.06%)
FCCL 34.65 Decreased By ▼ -0.43 (-1.23%)
FFBL 65.70 Decreased By ▼ -0.80 (-1.2%)
FFL 10.34 Increased By ▲ 0.19 (1.87%)
HUBC 109.20 Increased By ▲ 2.80 (2.63%)
HUMNL 14.10 Increased By ▲ 0.70 (5.22%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 6.81 Decreased By ▼ -0.04 (-0.58%)
MLCF 41.30 Decreased By ▼ -0.50 (-1.2%)
NBP 59.35 Increased By ▲ 0.77 (1.31%)
OGDC 181.00 Decreased By ▼ -0.25 (-0.14%)
PAEL 25.45 Decreased By ▼ -0.25 (-0.97%)
PIBTL 5.89 Increased By ▲ 0.06 (1.03%)
PPL 145.30 Decreased By ▼ -3.10 (-2.09%)
PRL 23.23 Increased By ▲ 0.01 (0.04%)
PTC 15.50 Increased By ▲ 0.26 (1.71%)
SEARL 67.80 Decreased By ▼ -0.99 (-1.44%)
TELE 7.22 Decreased By ▼ -0.02 (-0.28%)
TOMCL 35.70 Decreased By ▼ -0.30 (-0.83%)
TPLP 7.50 Increased By ▲ 0.10 (1.35%)
TREET 14.13 Decreased By ▼ -0.11 (-0.77%)
TRG 50.80 Decreased By ▼ -0.05 (-0.1%)
UNITY 26.37 Decreased By ▼ -0.03 (-0.11%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,738 Decreased By -30.2 (-0.31%)
BR30 29,401 Increased By 1.3 (0%)
KSE100 91,748 Decreased By -190.1 (-0.21%)
KSE30 28,627 Decreased By -116.7 (-0.41%)

TOKYO: Japanese shares ended higher on Tuesday as investor sentiment was lifted by a tech-led overnight rally on Wall Street, and a softer yen propped up exporters. The benchmark Nikkei average gained 1.7% to 22,573.66, its highest close since July 28, while the broader Topix jumped 2.14% to 1,555.26.

All 33 sector sub-indexes on the Tokyo exchange finished trading in positive territory, led by highly cyclical airlines, land transport and shippers. Shares of export-oriented automobile makers got a boost from a weaker yen, which edged further away from a 4-1/2-month high hit last week against the dollar.

Mazda Motor surged 10.59%, while Mitsubishi Motor and Nissan Motor Co rallied 7.18% and 6.61%, respectively. Individual stocks with better-than-expected earnings results also provided a tailwind, prompting investors to lean towards risk-on mood, said Shuji Hosoi, senior market strategist at Daiwa Securities in Tokyo.

Suzuki Motor rose 7.67% on better-than-expected earnings. While the automaker posted a 1.3 billion yen operating profit, its worst quarterly performance on record, it was still better than a consensus forecast for a loss of 38 billion yen drawn from six analysts polled by Refinitiv.

Food company Kikkoman Corp jumped 14.11% to its daily limit on stay-at-home demand hopes, despite a 12.8% decline in April-June net profit. Nikkei heavyweight SoftBank Group fell 0.74% after Reuters reported, citing a person with knowledge of the matter, that the tech conglomerate under-reported income by around 40 billion yen.

Comments

Comments are closed.