AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

TOKYO: Tokyo's benchmark Nikkei index gained two percent on Friday, recouping some of the previous day's sharp losses triggered by the yen's appreciation.

The Nikkei 225 index jumped 2.0 percent, or 420.75 points, to end at 21,466.99. Over the week, it lost 1.0 percent.

The broader Topix index rose 1.94 percent, or 29.69 points, to 1,563.96. Over the week, it was down 0.78 percent.

"Tokyo stocks steadily grew on the back of the gains on US shares and also as the appreciation of the yen took a breather," Okasan Online chief strategist Yoshihiro Ito said in a note.

With lingering disquiet about the US-China trade war, Wall Street rose barely out of the red on Thursday on hopes for lower interest rates in the United States.

A top Fed policymaker, New York Federal Reserve President John Williams, reiterated the signal that the US central bank was likely to cut interest rates later this month, shoring up stocks and weakening the dollar.

In individual stocks trade, Sony rose 1.70 percent to 5,838 yen and Toyota climbed 2.09 percent to 7,121 yen.

The dollar was trading at 107.61 yen, up from 107.30 yen in New York Thursday afternoon but still down from 107.67 yen when the Tokyo market closed on Thursday.

The yen hardly moved after government data showed Japanese consumer prices rose at the slowest pace in nearly two years in June despite the Bank of Japan's massive credit-easing aimed at achieving two-percent inflation.

The nation's core consumer prices, excluding volatile fresh food prices, rose 0.6 percent from a year earlier in June, a rise for the 30th consecutive month but the slowest pace since July 2017.

Copyright AFP (Agence France-Press), 2019
 

Comments

Comments are closed.