Home ›› 06 Oct 2022 ›› Stock
Tokyo shares advanced Wednesday following global rallies but gains remained limited as investors searched for new cues.
The benchmark Nikkei 225 index added 0.48 per cent, or 128.32 points, to 27,120.53, while the broader Topix index rose 0.32 per cent, or 6.03 points, to 1,912.92.
Robust gains on Wall Street overnight brightened spirits and encouraged investors to take risks, analysts said.
However, profit-taking capped gains in Tokyo after the Nikkei closed up nearly three per cent on Tuesday.
Investors worldwide resumed active buying as a spate of softer US economic indicators tempered concerns over the US Federal Reserve's campaign to increase rates to fight inflation.
The latest US labour data showed job openings sharply dropped in August, helping lift New York shares.
Reaction to the figures appears to be "a mix of caution over a possible recession and hopes for an easing of inflation", Daiwa Securities said, noting that global "relief rallies" may have become too aggressive.
