Tokyo stocks end higher as US jobs data ease recession fears


Tokyo, Aug 9 (IANS): Tokyo stocks ended higher on Friday after a week of volatile trading, as lower-than-expected US jobless claims eased fears about a recession and spurred buying.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 193.85 points, or 0.56 per cent, from Thursday at 35,025.00, Xinhua news agency reported.

The broader Topix index, meanwhile, finished 21.60 points, or 0.88 per cent, higher at 2,483.30.

Stocks opened higher, tracking sharp gains on Wall Street overnight after US jobless claims data provided relief to investors and quelled fears of a recession in the world's biggest economy. But gains were capped ahead of the long weekend and Bon holidays in Japan, analysts said.

This week has seen volatile trading with the benchmark Nikkei plunging over 4,400 points on Monday, its biggest single-day point drop in history, followed by a rebound with the largest-ever point gain the next day.

  

Top Stories


Leave a Comment

Title: Tokyo stocks end higher as US jobs data ease recession fears



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.