Global Market News

Nikkei 225 Up 1% on Wall Street Cues, Softer Yen


Last updated: 01/13/2021 04:59:53

04:59 AM EST, 01/13/2021 (MT Newswires) -- The Nikkei 225 finished up 1.0% Wednesday, after overnight gains on Wall Street and an afternoon softening of the yen against the US dollar, the latter regarded as a positive in export-oriented Japan. The Nikkei 225 had to overcome a downdraft in real estate stocks, with the Tokyo Stock Exchange REIT Index declining by 1.1%

The property-issue weakness and the nation's ongoing COVID-19 spike were shrugged off by exchange traders, even as government officials reported plans for emergency declarations for seven additional prefectures, on top of the existing declarations for the prefectures that comprise the greater Tokyo region.

The benchmark Nikkei 225 rose 292.25 to 28,456.59, as gaining issues outnumbered losers 143 to 72.

Leading the upside were Tokai Carbon (TKCBF, 5301:Tokyo), up 8.8%, followed by electronics-and-materials concern Showa Denko (SHWDY, 4004:Tokyo), up 6.0%, and then semiconductor test-equipment maker Advantest (ATEYY, 6857:Tokyo), up 5.5%.

On the downside were entertainment-house Toho (TKCOF, 9602:Tokyo), off 6.7%, and then Osaka Gas (9532:Tokyo), off 3.8%.
Copyright © 2021 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

Quotes displayed with 15 minutes delay. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. News provided by MT Newswires, a Division of MidnightTrader, Inc. Events Data provided by Wall Street Horizon. ©2020 Wall Street Horizon, Inc.