Business · Markets · 8 hrs ago

Nikkei climbs 3.13% to pass 60,000 after Wall Street gains

Nikkei climbs 3.13% to pass 60,000 after Wall Street gains

On Tuesday morning, Tokyo stocks rose sharply, following gains on Wall Street overnight.

The Nikkei 225, Japan’s main share index, climbed 1,841.33 points, or 3.13%, to 60,616.83 in its first 15 minutes of trading.

That put the Nikkei back above 60,000, a level it had fallen below.

Lower crude oil prices helped support buying, while technology and semiconductor shares recovered after heavy losses the previous week.

The broader Topix index also rose, gaining 2.02% to 3,895.18.

The rise marked a broad early-market rebound, with nonferrous metal, electronics and bank shares among the main gainers.

The available updates give no further details about how the market moved later in the session.

3 sources

Related