By Reuters Staff
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TOKYO, May 25 (Reuters) - Japanese shares rose on Tuesday, as a strong finish on the Nasdaq overnight boosted heavyweight local technology stocks, although gains were capped by continued worries of a sluggish economic recovery because of slow vaccine rollouts in the country.
The Nikkei share average rose 0.58% to 28,528.58 by 0214 GMT, while the broader Topix edged up 0.23% to 1,917.42.
“High-priced stocks have lifted the Japanese market after a strong gain in the major U.S. indexes,” said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.
“But, fundamentally, the market is weighed down on concerns on 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.”
Japanese shares end higher on global economic growth hopes Reuters 2 hrs ago
TOKYO, May 24 (Reuters) - Japanese shares ended higher on Monday, led by stocks sensitive to global economic growth, as investors cheered upbeat U.S. factory activity data that helped the Dow index end higher in its previous session.
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The Nikkei share average edged up 0.17% to close at 28,364.61, while the broader Topix rose 0.44% to 1,913.04.
The Dow Jones Industrial Average rose on Friday after data showed U.S. factory activity gathered speed in early-May amid strong domestic demand. Investors had a renewed view on global economic growth after the rise on the Dow (on Friday), which is why shippers and car makers were strong, said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
2021-05-24 10:35:33 GMT2021-05-24 18:35:33(Beijing Time) Xinhua English
TOKYO, May 24 (Xinhua) Tokyo stocks closed higher Monday with issues sensitive to global economic trends advancing following robust economic data from the United States and Europe.
The 225-issue Nikkei Stock Average added 46.78 points, or 0.17 percent, from Friday to close the day at 28,364.61.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 8.35 points, or 0.44 percent, to finish at 1,913.04.
Local traders said that investors cheered upbeat data signaling a global economic recovery from the downside effects of the novel coronavirus pandemic, specifically improving U.S. factory activity which sent the Dow Jones Industrial Average higher on Friday.
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TOKYO Japanese shares rose on Monday, led by stocks sensitive to global economic growth, as investors cheered upbeat U.S. factory activity data that helped the Dow index end higher in its previous session.
The Nikkei share average gained 0.35% to 28,415.54 by 0209 GMT, while the broader Topix rose 0.59% to 1,914.26.
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The Dow Jones Industrial Average rose on Friday after data showed U.S. factory activity gathered speed in early-May amid strong domestic demand.
“Investors had a renewed view on global economic growth after the rise on the Dow (on Friday), which is why shippers and car makers were strong,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Roundup: Tokyo stocks close higher on upbeat overseas economic data
Xinhua
24 May 2021, 20:30 GMT+10
TOKYO, May 24 (Xinhua) Tokyo stocks closed higher Monday with issues sensitive to global economic trends advancing following robust economic data from the United States and Europe. The 225-issue Nikkei Stock Average added 46.78 points, or 0.17 percent, from Friday to close the day at 28,364.61. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 8.35 points, or 0.44 percent, to finish at 1,913.04. Local traders said that investors cheered upbeat data signaling a global economic recovery from the downside effects of the novel coronavirus pandemic, specifically improving U.S. factory activity which sent the Dow Jones Industrial Average higher on Friday.