Home ›› 20 Apr 2022 ›› Stock
Tokyo stocks ended higher on Tuesday on bargain-hunting after shares dipped following modest falls on Wall Street.
The benchmark Nikkei 225 index added 0.69 per cent, or 185.38 points, at 26,985.09, while the broader Topix index gained 0.83 per cent, or 15.62 points, to 1,895.70.
The dollar stood at 127.84 yen, having earlier risen past 128 yen, compared with 126.96 yen overnight in New York. The yen’s fall during Tokyo trading helped lift exporter shares.
“Although US shares dropped following Easter, the Nikkei average started by regaining its ground, opening above the 27,000 mark in a rebound after recent losses,” Okasan Online Securities said.
The index however faced selling pressure during the day, as investors waited for opportune moments to buy further.
“Still, the Nikkei moved stably into positive territory in the afternoon session, with the yen trending low and the dollar surging at a level unseen since May 2002,” Okasan said.
Toyota rose 1.02 per cent to 2,177 yen. Tokyo Electron, which makes tools to build semiconductors, surged 2.29 per cent to 55,420 yen. Advantest, which produces test kits for semiconductors, gained 3.01 per cent to 8,550 yen.
Energy developer Inpex jumped 3.80 per cent to 1,668 yen. Mitsubishi UFJ Financial Group fell 0.43 per cent to 755.3 yen. Sony Group rose 1.26 per cent to 11,280 yen, and SoftBank Group slipped 1.88 per cent to 5,547 yen. Fast Retailing, which operates Uniqlo, gave up 1.72 per cent to 62,900.
