Tokyo shares open higher ahead of corporate earnings | Malay Mail

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TOKYO, July 20 — Tokyo shares opened higher today as investors looked for bargains before corporate earnings announcements begin later this week. The benchmark Nikkei 225 index rose 0.27 per cent, or 60.52 points, to 22,756.94, while the broader Topix index rose 0.22 per cent, or 3.48 points, to...

The benchmark Nikkei 225 index rose 0.27 per cent, or 60.52 points, to 22,756.94, while the broader Topix index rose 0.22 per cent, or 3.48 points, to 1,577.33. — AFP pic

The Nikkei is on a steady upswing without showing signs of overheating, and investors are picking up undervalued shares that show long-term promise, Okasan Online Securities said in a note to clients. Hopes for the successful development of coronavirus vaccines had temporarily boosted Japanese shares, but a sense of caution held back investors from buying further above the current range, the brokerage said.

China-bound exports in the month fell only 0.2 per cent, while imports rose 0.8 per cent from a year ago.

 

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