Today's Paper Archive Classifieds Subscriptions RSS Feeds Site Map ePaper Mobile Apps Social
SEARCH

Business » Markets

Updated: June 2, 2010 15:52 IST

Japanese stocks rebound after premier’s resignation announcement

DPA
Share  ·   print   ·  
A man uses a mobile phone in front of a securities firm in Tokyo. File photo
AP A man uses a mobile phone in front of a securities firm in Tokyo. File photo

Japanese shares rebounded in Wednesday morning trading after Japanese Prime Minister Yukio Hatoyama said he would step down. The Nikkei 225 Stock Average gained 35.71 points, or 0.37 per cent, to trade at 9,747.54 while the broader Topix index was up 1.75 points, or 0.2 per cent, at 881.79.

Tokyo stocks opened lower following an overnight fall on Wall Street. But after the premier announced his resignation, the stocks rose. On currency markets at 9 am (0000 GMT), the dollar traded at 91.13-17 yen, up from Tuesday’s 5 pm quote of 90.80-83 yen. The euro traded at 1.2245-2247 dollars, up from 1.2200-2203 dollars Tuesday, and at 111.60-66 yen, up from 110.80-84 yen.



O
P
E
N

close

Recent Article in Markets

Gold jewellery being displayed at a show room in Chennai. A file photo: R. Raghu.

Gold prices recovered on mild retailers buying

Gold prices recovered by Rs 20 to Rs 30,250 per ten gram in New Delhi on Saturday on scattered buying by retailers for the marriage seas... »