Tokyo stocks open up on Wall St. gains after Fed hike expectations fade
TOKYO (Kyodo) -- Tokyo stocks opened sharply higher Monday, with the Nikkei stock index rising over 2 percent, following gains on Wall Street as expec
Tokyo stocks experienced a sharp increase on Monday, with the Nikkei stock index surging over 2 percent, following gains on Wall Street. This rise occurred as expectations for a rate hike by the Federal Reserve faded following the release of weaker-than-expected nonfarm payrolls for September. In the initial 15 minutes of trading, the 225-issue Nikkei Stock Average climbed 1,450.55 points, or 2.12 percent, reaching 69,760.01.
The broader Topix index also rose by 43.60 points, or 1.07 percent, to 4,134.60. Among the top-tier Prime Market, electric appliance, machinery, and glass and ceramic product issues led the gains. At 9 a.m., the U.S. dollar was quoted at 157.73-76 yen, compared to 157.79-89 yen in New York and 157.57-59 yen in Tokyo at 5 p.m. Friday.
The euro was valued at $1.1253-1256 and 177.52-54 yen against $1.1247-1257 and 177.55-65 yen in New York, and $1.1260-1261 and 177.43-47 yen in Tokyo late Friday afternoon.
Brief written by urgent.news from The Mainichi's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Stocks upbeat, dollar wobbles as Fed hike bets recede investing.com
