Tokyo's benchmark stock index ended sharply higher on Tuesday following an overnight rally in New York.
Drops in long-term interest rates in the US and Europe after Britain scrapped parts of a tax-cut plan brought relief to investors.
The Nikkei Average finished the day at 26,992. That's up 776 points, or 2.96 percent from Monday's close. Investors bought shares across the board. Analysts say the effect of North Korea's missile launch was limited.
The Nikkei 225 had been on a downtrend for about two weeks until Friday, the last trading day of September. That's when the index fell below the 26,000 mark for the first time in three months. But it has since regained some of its losses.
Other benchmarks in the Asia-Pacific region ended higher on Tuesday. Sydney rose 3.75 percent, Seoul 2.5 percent, and Mumbai 2.25 percent.
Drops in long-term interest rates in the US and Europe after Britain scrapped parts of a tax-cut plan brought relief to investors.
The Nikkei Average finished the day at 26,992. That's up 776 points, or 2.96 percent from Monday's close. Investors bought shares across the board. Analysts say the effect of North Korea's missile launch was limited.
The Nikkei 225 had been on a downtrend for about two weeks until Friday, the last trading day of September. That's when the index fell below the 26,000 mark for the first time in three months. But it has since regained some of its losses.
Other benchmarks in the Asia-Pacific region ended higher on Tuesday. Sydney rose 3.75 percent, Seoul 2.5 percent, and Mumbai 2.25 percent.
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Summary
Tokyo's stock index, Nikkei Average, significantly rose on Tuesday by 2.96%, following a rally in New York. The increase was attributed to drops in long-term interest rates in US and Europe after Britain scrapped parts of a tax-cut plan. Investors bought shares across sectors, with the impact of
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ID: 633cc1b9-5fb8-4ad0-ba1f-3ed0c0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221004_42/
Date: Oct. 4, 2022
Created: 2022/10/05 08:28
Updated: 2025/12/09 13:07
Last Read: 2022/10/05 08:28