The benchmark Nikkei 225 index was up 0.21 per cent or 60.04 points at 28,691.49 in early trade, while the broader Topix index was up 0.26 per cent or 4.92 points at 1,861.56. — Reuters pic
TOKYO, Jan 25 — Tokyo stocks opened higher today after a mixed close on Wall Street last week, as investors shifted their focus to Japan’s corporate earnings season. The benchmark Nikkei 225 index was up 0.21 per cent or 60.04 points at 28,691.49 in early trade, while the broader Topix index was up 0.26 per cent or 4.92 points at 1,861.56.
“Japanese shares are seen moving in a narrow range... while bargain-hunting activities will likely increase ahead of the quarterly corporate earnings season at home,” said senior strategist Yoshihiro Ito of Okasan Online Securities.In Tokyo, Toshiba sky-rocketed 13.06 per cent to ¥3,350 after confirming it will return to the prestigious first section of the Tokyo Stock Exchange.Steel manufacturer Tokyo Tekko was down 1.
Wall Street stocks finished mostly lower on Friday as investors grappled with worries over new coronavirus strains while confidence in continued fiscal and monetary stimulus supported equities.The Dow ended 0.6 per cent lower at 30,996.98. — AFP