(MENAFN- Qatar News Agency) Tokyo stocks rebounded Tuesday, with the Nikkei Stock Average jumping 140.06 points, or 1.41%, to end the day at 10,080.12.
The benchmark index closed above 10,000 for the first time in two trading days.
The Tokyo market was closed Monday for a national holiday.
Investors bought exporters in early morning trading, in response to the dollar's rise to its highest point against the yen in one year and eight months, after Liberal Democratic Party President Shinzo Abe on Sunday urged the Bank of Japan to introduce additional monetary easing measures, according to (Nikkei) website.
Investors also bought shares of brokerages and property developers on the view that such firms will benefit from BOJ easing measures.
Overseas markets will be closed Tuesday for the Christmas holiday, prompting investors to shift to the sidelines while locking in gains, weighing on upward momentum in the afternoon.
The trading value on the first section of the Tokyo Stock Exchange reached about 1.15 trillion yen on a preliminary basis, down sharply from Friday.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.