Global Market News

Nikkei 225 Up 0.26% on Wall Street Cues, Softer Yen


Last updated: 11/08/2019 04:49:42

04:49 AM EST, 11/08/2019 (MT Newswires) -- The Nikkei 225 opened higher Friday on fresh Wall Street records and held its ground, finishing up 0.26% for the fourth-straight day of gains. A softer yen, regarded as a positive in export-oriented Japan, aided sentiment, said analysts.

The benchmark Nikkei 225 rose 61.55 to 23,391.87, as gaining issues outnumbered losers 140 to 81.

Leading the upside were medical-products concern Terumo (TRUMY, 4543:Tokyo), up 13.4%, followed by department-store chain Isetan Mitsukoshi (IMHDY, 3099:Tokyo), up 11.7%, and then brewer Kirin (KNBWY, 2503:Tokyo), up 9.6%.

On the downside were cosmetics-house Shiseido (SSDOY,4911:Tokyo), up 8.3%, and then mobile-game maker Bandai Namco (NCBDF, 7832:Tokyo), off 4.8%.

The Nikkei 225 is up 16.87% year-to-date

Un economic news, Japan Prime Minister Shinzo Abe asked his cabinet to compile programs that would boost government spending and build infrastructure, in some measure to handle natural disasters but also to boost the economy.
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