AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

TOKYO: Japanese shares closed higher on Thursday, following an upbeat Wall Street session overnight, as hopes for a partial deal on US coronavirus stimulus boosted investor sentiment. The benchmark Nikkei share average rose 0.96% to 23,647.07, hovering near levels hit on Feb. 20. There were 134 advancers on the index against 84 decliners.

The broader Topix gained 0.55% to 1,655.47. All but six of 33 sector sub-indexes on the Tokyo exchange traded higher, with shippers, iron and steel and services leading advancers on the main bourse. Overnight, all major indexes on Wall Street ended sharply higher as President Donald Trump urged Congress to pass piece-meal aid packages for coronavirus relief, after he had abruptly called off negotiations on a comprehensive bill.

Tokyo stocks were also boosted by a moderate rise in E-Mini futures for the S&P 500 after the US vice-presidential debate, last up 0.37%. But analysts said some investors stayed on the sidelines as earnings results take centre stage again later this month.

Japan's semiconductor shares rose on positive cues from their US counterparts, with Screen Holdings jumping more than 8%, Advantest Corp climbing 5.37% and Disco Corp adding 3.79%. Among sectors, airlines bucked the overall trend to fall 1.23%, as firms have been hammered by a collapse in international air travel due to the coronavirus outbreak.

ANA Holdings shed 1.67% after it proposed to the labour unions at its main carrier ANA to seek workers to leave voluntarily. The company also said it was cutting winter bonuses to zero and reducing monthly salaries.

Meanwhile, Japan Airlines slipped 0.67% after its president said on Thursday the company wants to bolster discount carrier operations to capture tourism demand. Elsewhere, the Mothers Index of start-up firms rose more than 2%, posting gains for a fourth consecutive day.

Comments

Comments are closed.