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Mixed Open Expected For Tokyo Shares 70 days ago
(RTTNews) - A mixed to higher open is expected Tuesday for Japan stocks, coming off a mixed lead from Wall Street. U.S. stocks moved through an up-and-down session, but closed with a gain.
Japan's market moved broadly higher on Monday, with nearly all stocks on the Nikkei closing higher.
The benchmark Nikkei 225 Average closed up 264.03 points or 2.91 percent at 9,345.55.
Among the Nikkei component stocks, there were 221 closing higher, 2 were lower and 2 were unchanged.
The Topix index of all stocks listed on the Tokyo Stock Exchange First Section rose 3.6 percent to 839.94.
The financial sector posted one of the biggest rebounds. Among the leaders, Mitsubishi UFJ was up 38 yen or 8.56 percent, Mizuho Financial rose 14 yen or 9.46 percent on extremely heavy trading of 302.7 million shares, Sumitomo Mitsui jumped 230 yen or 8.78 percent and Resona Holdings closed up 50 yen or 5.72 percent.
In the real estate sector, Mitsubishi Estate was up 96 yen or 7,69 percent while Mitsui Fudosan was up 110 yen or 7.97 percent.
The exporters were stronger as the yen lost ground to the dollar. Car maker Honda Motor was 40 yen or 1.50 percent, camera maker Nikon was up 86 yen or 5.83 percent, rival Canon was up 130 yen or 4.06 percent and consumer electronics giant Sony was up 60 yen or 2.65 percent.
For the steel makers, Nippon Steel was up 11 yen or 3.55 percent, Japan Steel Works was up 43 yen or 4.26 percent and Sumitomo Metal Industries was up 4 yen or 1.86 percent.
Overseas, U.S. markets zig-zagged through a volatile day of trading, but managed a positive close.
At the closing bell on Wall Street, the Dow Jones Industrial Average was up 34.92 points or 0.34 percent at 10,344.84, the Nasdaq Composite index was ahead by 6.16 points or 0.29 percent at 2,144.60 and the Standard & Poor's 500 index was up 4.14 points or 0.38 percent at 1,095.63.
In other Asia/Pacific region trading on Monday, Hong Kong's Hang Seng index was up 687.00 points or 3.25 percent at 21,821.50.
China's Shanghai Composite index was up 99.04 points or 3.20 percent at 3,195.30.
In India, the SENSEX/BSE 30 index was up 294.21 points or 1.77 percent at 16,926.22.
Indonesia's Jakarta Composite index rose 22.32 points or 0.93 percent to 2,415.84.
In South Korea, the KOSPI/Seoul Composite index was up 31.10 points or 2.04 percent at 1,555.60.
The Taiwan Weighted Index was up 91.30 points or 1.22 percent at 7,582.21.
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