AIRLINK 172.90 Decreased By ▼ -2.83 (-1.61%)
BOP 13.22 Increased By ▲ 0.10 (0.76%)
CNERGY 7.42 Decreased By ▼ -0.12 (-1.59%)
FCCL 43.40 Decreased By ▼ -0.51 (-1.16%)
FFL 14.91 Decreased By ▼ -0.10 (-0.67%)
FLYNG 26.50 Decreased By ▼ -0.40 (-1.49%)
HUBC 129.41 Decreased By ▼ -0.82 (-0.63%)
HUMNL 13.30 Decreased By ▼ -0.04 (-0.3%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.40 Decreased By ▼ -0.63 (-1.12%)
OGDC 213.22 Decreased By ▼ -1.55 (-0.72%)
PACE 5.89 Decreased By ▼ -0.09 (-1.51%)
PAEL 41.15 Increased By ▲ 0.25 (0.61%)
PIAHCLA 16.61 Increased By ▲ 0.29 (1.78%)
PIBTL 9.58 Decreased By ▼ -0.17 (-1.74%)
POWER 11.54 Decreased By ▼ -0.22 (-1.87%)
PPL 179.00 Decreased By ▼ -2.48 (-1.37%)
PRL 33.70 Decreased By ▼ -0.52 (-1.52%)
PTC 22.85 Decreased By ▼ -0.21 (-0.91%)
SEARL 94.20 Decreased By ▼ -1.52 (-1.59%)
SILK 1.18 Increased By ▲ 0.04 (3.51%)
SSGC 35.00 Decreased By ▼ -0.45 (-1.27%)
SYM 15.79 Increased By ▲ 0.04 (0.25%)
TELE 7.83 Decreased By ▼ -0.04 (-0.51%)
TPLP 10.83 Decreased By ▼ -0.15 (-1.37%)
TRG 60.79 Increased By ▲ 0.29 (0.48%)
WAVESAPP 10.69 Decreased By ▼ -0.12 (-1.11%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,047 Decreased By -6.9 (-0.06%)
BR30 36,415 Decreased By -51.5 (-0.14%)
KSE100 113,878 Decreased By -478.8 (-0.42%)
KSE30 35,109 Decreased By -237.7 (-0.67%)

TOKYO: Tokyo stocks closed higher on Friday as investors continued buying back following recent declines in the Japanese market and rallies on Wall Street.

The benchmark Nikkei 225 index jumped 1.34 percent, or 370.73 points, to 28,048.94. Over the week, however, it lost 2.5 percent.

The broader Topix index firmed 1.15 percent, or 22.23 points, to 1,961.85, but declined 1.2 percent from a week before.

"Bargain-hunting was sustained" after the Nikkei index snapped an eight-day losing streak on Thursday, said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

Tokyo stocks open higher with eyes on US jobs data

The gains also followed a buoyant session on Wall Street fuelled by relief at a congressional agreement that removed the near-term risk of a US debt default.

"But investors took a wait-and-see attitude in late trading ahead of US jobs data" due later in the day, Horiuchi told AFP.

"Players are also shifting their focus to corporate results ahead of the nation's earnings season," he added.

The dollar fetched 111.88 yen in Asian afternoon trade, against 111.63 yen in New York late Thursday.

In Tokyo, Honda gained 1.14 percent to 3,370 yen after ratings agency S&P revised up its outlook of the shares to "stable", while its bigger rival Toyota climbed 2.88 percent to 1,923 yen.

But convenience store operator Lawson lost 0.55 percent to 5,390 yen after it reported a smaller-than-expected operating profit.

Japan's household spending was down 3.0 percent year-on-year in August as expenditure on food and transportation declined during the country's virus state of emergency, according to data released by the internal affairs ministry before the opening bell.

Japan lifted the state of emergency on October 1 as the number of infections declined steadily.

The spending data did not prompt a strong market reaction.

Comments

Comments are closed.