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Tokyo stocks snap 5-day losing streak

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21 Jul 2021 05:07:18 GMT9
21 Jul 2021 05:07:18 GMT9

TOKYO: Tokyo stocks turned up Wednesday after miring in a slump for five consecutive market days.

The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange rose 159.84 points, or 0.58 pct, to close at 27,548.00.

The TOPIX index of all first-section issues ended up 15.52 points, or 0.82 pct, at 1,904.41.

The five-day sell-off, which pushed down the benchmark Nikkei by 1,330.08 points and the broader TOPIX by 78.75 points, prompted buybacks from the outset.

Sharp rebounds in all three key U.S. market indicators, including the Dow Jones industrial average, also brightened sentiment, brokers said.

In the afternoon, however, the market saw position-squaring selling gathering steam ahead of the four-day weekend from Thursday in Japan.

JIJI Press

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