Tokyo stocks end higher on improved sentiment, weaker yen

Xinhua
15 Sep 2023, 17:44 GMT+10

TOKYO, Sept. 15 (Xinhua) -- Tokyo stocks closed higher on Friday, driven by improved market sentiment amid eased concerns over the global economic outlook and a weaker yen.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 364.99 points, or 1.1 percent, from Thursday to close the day at 33,533.09.

The broader Topix index, meanwhile, finished 22.81 points, or 0.95 percent, up at 2,428.38, its highest close since June 1990.

Market watchers here suggested that China's better-than-expected industrial output in August released earlier in the day provided a tailwind for Japanese stocks.

"In addition to expectations of improved earnings due to the weak yen, market sentiment was buoyed by expectations of a firming U.S. and Chinese economy, both of which are key drivers of Japanese corporate performance," said Tomoichiro Kubota, senior market analyst at Matsui Securities.

On the Prime Market, gainers were led by electric power and gas, oil and coal products, and transportation equipment shares.

Issues that rose outpaced those that fell by 1,227 to 553, while 55 ended the day unchanged.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Jose Sun.

More Information

63 ℉

Fair in San Francisco

US Sports

Section

Raiders QB Jimmy Garoppolo checked for concussion after loss

(Photo credit: Stephen R. Sylvanie-USA TODAY Sports) Las Vegas Raiders quarterback Jimmy Garoppolo was checked for a concussion after the ...

Both desperate for wins, Giants and Padres face off in first of three

(Photo credit: David Frerker-USA TODAY Sports) The San Diego Padres and San Francisco Giants hope to keep their flickering postseason ...

Rangers continue playoff pursuit, start series vs. Angels

(Photo credit: Jerome Miron-USA TODAY Sports) The Texas Rangers' magic number is five to earn their first playoff berth since ...

Astros, Mariners start three-game series battling for playoff spots

(Photo credit: Troy Taormina-USA TODAY Sports) This past weekend might have determined how the American League West was won. Houston, ...

Kenny Pickett tosses 2 TDs as Steelers stave off Raiders

(Photo credit: Kirby Lee-USA TODAY Sports) Kenny Pickett threw two touchdown passes for the first time as a professional and ...

Diamondbacks continue postseason hunt against Yankees

(Photo credit: John Jones-USA TODAY Sports) While the Arizona Diamondbacks are attempting to secure their first playoff berth since 2017, ...

Business

Section