The benchmark Nikkei 225 index was up 1.28 per cent or 381.25 points at 30,052.95 in early trade, while the broader Topix index gained 1.13 per cent or 21.53 points to 1,924.60. — Reuters picTOKYO, Feb 25 ― Tokyo stocks opened higher today, tracking rallies on Wall Street, which was boosted by news that several million doses of a new coronavirus vaccine could be on the way.
The benchmark Nikkei 225 index was up 1.28 per cent or 381.25 points at 30,052.95 in early trade, while the broader Topix index gained 1.13 per cent or 21.53 points to 1,924.60. Documents released by the US Food and Drug Administration yesterday showed the single-shot Johnson & Johnson vaccine is highly effective in preventing severe Covid-19, including newer variants.
“Japanese shares are seen rallying supported by gains in the US market,” after Wall Street shares bounced back as investors were cheered by the news, said Toshiyuki Kanayama, senior analyst at Monex.In Tokyo, Takeda Pharmaceutical was up 0.36 per cent at ¥3,618 after it said it had started a clinical trial in Japan of the Novavax Covid-19 vaccine.Suzuki was down 3.