Japan stocks open up more than 1 % on overseas gains

Updated - November 17, 2021 12:28 am IST

Published - August 30, 2011 08:13 am IST - Tokyo

Japanese shares rose in Tuesday morning trading after overnight rallies on Wall Street and European markets.

The benchmark Nikkei 225 Stock Average gained 116.4 points, or 1.32 per cent, to stand at 8,967.75 as of 9:14 am (0014 GMT).

The broader—based Topix index was up 11.02 points, or 1.45 per cent, at 769.85.

The blue—chip Dow Jones Index gained 254.71 points, or 2.26 per cent after a global rise and riding a wave of relief that Hurricane Irene had not caused more damage.

Japan’s unemployment rate climbed to 4.7 per cent in July for the second straight month of increase, as the effect of the March 11 earthquake and tsunami lingered, the government said before the market opened.

The three prefectures the most directly affected by the disaster were excluded from the unemployment data.

On currency markets at 9 am, the dollar traded at 76.94—95 yen, up from Monday’s 5 pm quote of 76.64—65 yen.

The euro traded at 1.4516-4517 dollars, down from 1.4528—4532 dollars Monday, and at 111.69—70 yen, up from 111.35-37 yen.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.