AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Markets

Tokyo stocks open higher with eyes on US Fed

  • The dollar fetched 110.28 yen in early Asian trade, against 110.31 yen in New York late Monday
Published July 27, 2021

TOKYO: Tokyo stocks opened higher on Tuesday in cautious trade ahead of the results of the US Federal Reserve's latest meeting.

The benchmark Nikkei 225 index was up 0.13 percent, or 34.94 points, at 27,868.23 in early trade, while the broader Topix index edged up 0.44 percent, or 8.39 points, to 1,934.01.

"Japanese shares are seen starting with gains supported by US rises," Mizuho Securities said in a note.

"However, a wait-and-see attitude will gradually emerge" ahead of the two-day Fed policy meeting starting later in the day, it added.

The dollar fetched 110.28 yen in early Asian trade, against 110.31 yen in New York late Monday.

In Tokyo, shares in firms that tend to be sensitive to economic cycles of production and consumption were relatively higher.

The world's top-selling automaker Toyota was trading up 0.34 percent at 9,863 yen, while Nippon Steel was 2.15 percent higher at 1,851 yen, and Sony was trading up 0.36 percent at 11,015 yen.

Online mall giant Rakuten dived 7.38 percent to 1,216 yen after ratings agency S&P downgraded the company's long-term rating to BB+, a junk status.

On Wall Street, all three major indices mustered narrow gains, with the Dow ending up 0.2 percent at 35,144.31.

Comments

Comments are closed.