Tokyo stocks open higher extending Wall Street rallies

TOKYO, May 27 ― Tokyo stocks opened higher today as investors took heart from Wall Street rallies.

“Japanese shares are starting with gains following US rallies,” which were partly supported by brisk retail sector earnings reports, said senior market analyst Toshiyuki Kanayama of Monex said in a note. However, “the run of negative US economic news seems to be taking the sting out of fears the Federal Reserve will be forced to hike aggressively”, Stephen Innes, managing partner of SPI Asset Management, said in a commentary.In Tokyo, Daiichi-Sankyo edged up 0.26 per cent to ¥3,471 after it said it will proceed with a phase 3 trial of its Covid vaccine during the first quarter of this fiscal year.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks shrug off Wall Street weakness but growth concerns remainNEW YORK, May 25 — Asia stocks opened mostly in positive territory today even as global growth concerns and weak US economic data weighed on Wall Street overnight. MSCI’s...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street rises on growth stocks ahead of Fed minutesNEW YORK, May 25 — US stock indexes shook off early weakness to trade higher today as growth stocks rallied, with investors awaiting minutes from the Federal Reserve’s May...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street rises on growth stocks ahead of Fed minutesNEW YORK, May 25 — US stock indexes shook off early weakness to trade higher today as growth stocks rallied, with investors awaiting minutes from the Federal Reserve’s May...
Source: malaymail - 🏆 1. / 86 Read more »