TOKYO : Japan's Nikkei share average closed at its highest in 33 years on Monday as gains on Wall Street lifted risk appetite, while investors kept betting on domestic equities on expectations the Bank of Japan would retain its ultra-loose policy. The Nikkei index jumped 2.2 per cent to end at 32,217.43,
TOKYO : Japan's Nikkei share average closed at its highest in 33 years on Monday as gains on Wall Street lifted risk appetite, while investors kept betting on domestic equities on expectations the Bank of Japan would retain its ultra-loose policy.
The Japanese equities are in more favorable position than their U.S. peers as the BOJ is expected to maintain ultra low rates. Hence, when U.S. shares rise, there is no reason for not buying Japanese stocks, Kamada added.Japanese companies' ongoing efforts to boost shareholder returns also supported sentiments, Kamada said.
Among individual stocks in Japan, Uniqlo brand owner Fast Retailing jumped 3.86 per cent. Chip-testing equipment maker Advantest rose 3.38 per cent and robot maker Fanuc advanced 4.53 per cent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Youth leaders pull together Singapore Street Festival to celebrate young people’s passionsThe festival will run from July 7 to Aug 13 at four malls. Read more at straitstimes.com.
Read more »
Japan and South Korea to speed up talks over pending military issuesThe two nations' defence ministers agreed on the need for greater security cooperation bilaterally. Read more at straitstimes.com.
Read more »
Japan, South Korea to speed up talks over pending military issuesSINGAPORE - Japan and South Korea agreed on Sunday to quickly resolve disputes over past military encounters that stand in the way of closer security cooperation, Japan's defence minister said at the Shangri-La Dialogue security conference in Singapore. Yasukazu Hamada held talks with his South Korean counterpart, Lee Jong-sup, as part of Asia's top security conference. 'We discussed pending issues'...
Read more »
Japan's service activity expands at record pace in May - PMITOKYO : Japan's service sector activity expanded at a record pace in May, a private-sector survey showed on Monday, thanks to a recovery in overseas demand and a surge of foreign tourists as pandemic restrictions were eased further.The final au Jibun Bank Japan Services purchasing managers' index (PMI) ro
Read more »
Taking street art to a new level, and into the futureStreet artist Toby Tan, better known, as Tobyato, set out to discover what happens when tradition meets the future, with some help from the Hyundai IONIQ 5.
Read more »
Games in June: Prepare your wallets for Street Fighter 6, Diablo 4 and Final Fantasy XVIAfter what seems like forever, now we can finally buy a PlayStation 5 off the shelf — no more rushing to pre-order hoping you get a chance to buy the latest Sony console. And it couldn't have come at a better time because June is packed with top tier video game releases. We can't remember the last time we've seen...
Read more »