- ARAB NEWS
- 26 Apr 2024
Since 1975
Tokyo
Tokyo stocks rebounded in sluggish trading on Thursday, on the back of buying on dips and a slight weakening of the yen against the dollar.
The Nikkei average of 225 selected issues on the Tokyo Stock Exchange climbed 142.05 points, or 0.60 percent, to end at 23,924.92, after falling 47.71 points Wednesday.
The TOPIX index of all TSE first-section issues closed up 9.78 points, or 0.57 percent, at 1,731.20, rising for the first time in seven sessions. It dropped 6.80 points the previous day.
Both indexes spurted from the outset, thanks to buying on dips, a weaker yen and a rise in Nikkei futures prices, brokers said. Amid a lack of fresh trading incentives, the market soon lost steam and the indexes moved in a narrow range in the afternoon.
Throughout the day, the underside of the Tokyo market was supported by firm Shanghai stocks, brokers said.
Jiji Press
