Business · Markets · 2 hrs ago

Tokyo stocks rise after Democrats retake both chambers of US Congress

Tokyo stocks rise after Democrats retake both chambers of US Congress

Tokyo stocks opened higher on Thursday after US markets rose following Tuesday’s midterm elections.

Democrats retook control of both chambers of Congress, and President Donald Trump accepted the results.

The gains in Tokyo followed a surge in the US Dow Jones index.

In the first 15 minutes of trading, the Nikkei 225 was up 0.53% and the broader Topix was up 2.22%.

Transportation equipment, real estate and rubber product shares led gains on Tokyo’s top-tier market.

The yen was quoted at about 158 to the US dollar, while the euro was worth just under 178 yen.

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