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Empty displays outside a temporarily closed Toho Cinemas movie theater in the Shinjuku district of Tokyo on Friday | BLOOMBERG
KYODO May 30, 2021
Commercial facilities in Tokyo, Osaka and other prefectures are stepping up preparations to resume operations on Tuesday, as the government hopes to strike a balance between curbing coronavirus infections and reviving the battered economy after extending the COVID-19 state of emergency to June 20.
Japanese Market Sharply Higher
TOKYO (dpa-AFX) - The Japanese stock market is sharply higher on Friday, recouping the modest losses of the previous session, with the benchmark Nikkei 225 gaining almost 600 points to break back above the 29,000 mark, as a weaker Yen also boosted exporters. This despite mixed cues overnight from Wall Street.
Meanwhile, continuing concerns about the spike in daily domestic coronavirus infections and possible more restrictions and lockdowns are limiting the market s upside. The Japanese government is is set Friday to extend the COVID-19 state of emergency covering Tokyo and eight other prefectures for three weeks until June 20.
The benchmark Nikkei 225 Index is gaining 564.60 points or 1.98 percent to 29,113.61, after touching a high of 29,125.21 earlier. Japanese shares closed modestly lower on Thursday.
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Friday, following the mixed cues overnight from Wall Street, with a weak U.S. dollar and bargain hunting providing a boost.
Japanese shares end higher on Wall Street gains, slow growth concerns weigh Reuters 1 hr ago
TOKYO, May 25 (Reuters) - Japanese shares settled higher on Tuesday, as a strong finish on the Nasdaq overnight boosted heavyweight local technology stocks, although worries about a sluggish economic recovery because of a slow vaccine rollout capped gains.
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The Nikkei share average rose 0.67% to close at 28,553.98, while the broader Topix inched up 0.34% to 1,919.52. High-priced stocks have lifted the Japanese market after a strong gain in major U.S. indexes, said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities. But, fundamentally, the market is weighed down on concerns over Japan s slow response to the pandemic, which has caused a big gap between the economic sentiment in Japan against the U.S. and Europe. The pace of Japan s vaccine rollouts is still incomparable with these countries.
2021-05-25 11:05:34 GMT2021-05-25 19:05:34(Beijing Time) Xinhua English
TOKYO, May 25 (Xinhua) Tokyo stocks closed higher Tuesday as high-tech issues followed their U.S. peers higher overnight, although gains were capped by concerns over Japan s sluggish vaccine rollout and possible extension to its virus state of emergency period.
The 225-issue Nikkei Stock Average gained 189.37 points, or 0.67 percent, from Monday to close the day at 28,553.98.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 6.48 points, or 0.34 percent, to finish at 1,919.52.
Trading got off to a bright start owing to Wall Street s overnight advance after a drop in U.S. Treasury yields spurred buying, with tech issues on the Nasdaq Composite rising notably, brokers here said.