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Tokyo stocks close higher on solid domestic earnings, eased geopolitical concerns
Source: Xinhua   2018-05-11 19:14:28

TOKYO, May 11 (Xinhua) -- Tokyo stocks closed higher Friday on a solid lead from Wall Street overnight, robust domestic earnings and easing geopolitical concerns after U.S. President Donald Trump announced he will meet with the Democratic People's Republic of Korea's (DPRK) top leader Kim Jong Un next month.

The 225-issue Nikkei Stock Average ended up 261.30 points, or 1.16 percent, from Thursday to close the day at 22,758.48.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 17.34 points, or 0.98 percent, to finish at 1,794.96.

Investors picked up heavily weighed Nikkei issues, encouraged by Wall Street's overnight advance and the yen's retreat against the U.S. dollar, which positively impacts earnings, particularly of firms broadly exposed to overseas markets.

Trump's announcement that he will meet Kim in Singapore on June 12 was cheered by market players here on hopes geopolitical tensions will further ease on the Korean Peninsula following the summit talks and on expectations for progress on the region's nuclear issues.

By the close of play, precision instrument, electric appliance and machinery-oriented issues comprised those that gained the most, and rising issues beat declining ones by 1,325 to 696 on the First Section, while 62 ended the day unchanged.

On the main section on Friday, 1,662.75 million shares changed hands, rising from Thursday's volume of 1,542.44 million shares.

The turnover on the final trading day of the week came to 2,930.2 billion yen (26.80 billion U.S. dollars).

Editor: Yurou
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Xinhuanet

Tokyo stocks close higher on solid domestic earnings, eased geopolitical concerns

Source: Xinhua 2018-05-11 19:14:28
[Editor: huaxia]

TOKYO, May 11 (Xinhua) -- Tokyo stocks closed higher Friday on a solid lead from Wall Street overnight, robust domestic earnings and easing geopolitical concerns after U.S. President Donald Trump announced he will meet with the Democratic People's Republic of Korea's (DPRK) top leader Kim Jong Un next month.

The 225-issue Nikkei Stock Average ended up 261.30 points, or 1.16 percent, from Thursday to close the day at 22,758.48.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 17.34 points, or 0.98 percent, to finish at 1,794.96.

Investors picked up heavily weighed Nikkei issues, encouraged by Wall Street's overnight advance and the yen's retreat against the U.S. dollar, which positively impacts earnings, particularly of firms broadly exposed to overseas markets.

Trump's announcement that he will meet Kim in Singapore on June 12 was cheered by market players here on hopes geopolitical tensions will further ease on the Korean Peninsula following the summit talks and on expectations for progress on the region's nuclear issues.

By the close of play, precision instrument, electric appliance and machinery-oriented issues comprised those that gained the most, and rising issues beat declining ones by 1,325 to 696 on the First Section, while 62 ended the day unchanged.

On the main section on Friday, 1,662.75 million shares changed hands, rising from Thursday's volume of 1,542.44 million shares.

The turnover on the final trading day of the week came to 2,930.2 billion yen (26.80 billion U.S. dollars).

[Editor: huaxia]
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