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and jumped Nikkei, Thursday, 2.31 percent to 28,065.28 points, the highest closing level since August 31. The index recorded its biggest daily gain in four weeks.
and finished TOPIX cursor The broader series of losses continued for six consecutive sessions, and 2.19 percent jumped to 1957.62 points.
and moving dollar Close to a 20-year high, after jumping to a 24-year peak against the yen last night, as Japan’s loose monetary policy contrasted with that of the Federal Reserve. fed (US central bank) hawkish.
Shuji Hosui, chief strategist at Daiwa Securities, said: "weakness yen Mainly beneficial for Japanese export companies and this can boost their earnings per share".
But he added that the gains in Japanese stocks are temporary, as the gap between rates is expected to widen Benefit In Japan and the US, which limits the potential for the yen to gain against the dollar.
arrow rose Fast Retailing Owner Uniqlo stores 3.33 percent, providing the largest boost to the Nikkei index, followed by Tokyo Electron, which rose 2.17 percent.
and progress Daikin Industries, an air conditioner maker Air 3.61 percent share Softbank Group 2.44 percent.
strip rose Aviation Three percent after Japan eased border controls to combat the pandemic. ANA Holdings rose 2.5 percent and Japan Airlines gained 3.6 percent.
Shares of companies also rose Shops Multi-division, as Isetan Mitsukoshi shares rose 4.06 percent and J. Front Retailing 3.33 percent.
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and jumped Nikkei, Thursday, 2.31 percent to 28,065.28 points, the highest closing level since August 31. The index recorded its biggest daily gain in four weeks.
and finished TOPIX cursor The broader series of losses continued for six consecutive sessions, and 2.19 percent jumped to 1957.62 points.
and moving dollar Close to a 20-year high, after jumping to a 24-year peak against the yen last night, as Japan’s loose monetary policy contrasted with that of the Federal Reserve. fed (US central bank) hawkish.
Shuji Hosui, chief strategist at Daiwa Securities, said: yen Mainly beneficial for Japanese export companies and this can boost their earnings per share.”
But he added that the gains in Japanese stocks are temporary, as the gap between rates is expected to widen Benefit In Japan and the US, which limits the potential for the yen to gain against the dollar.
arrow rose Fast Retailing Owner Uniqlo stores 3.33 percent, providing the largest boost to the Nikkei index, followed by Tokyo Electron, which rose 2.17 percent.
and progress Daikin Industries, an air conditioner maker Air rose 3.61 percent Softbank Group 2.44 percent.
strip rose Aviation Three percent after Japan eased border controls to combat the pandemic. ANA Holdings rose 2.5 percent and Japan Airlines gained 3.6 percent.
Shares of companies also rose Shops Multi-division, as Isetan Mitsukoshi shares rose 4.06 percent and J. Front Retailing 3.33 percent.