JAPAN: Tokyo stocks close up at post-quake high helped by better-than-expected earnings
Record ID:
464072
JAPAN: Tokyo stocks close up at post-quake high helped by better-than-expected earnings
- Title: JAPAN: Tokyo stocks close up at post-quake high helped by better-than-expected earnings
- Date: 29th April 2011
- Summary: TOKYO, JAPAN (APRIL 28, 2011) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING TSE FLOOR TSE WORKER ON COMPUTER MORE OF TSE WORKER ON COMPUTER CIRCULATING ELECTRONIC STOCK BOARD MORE CIRCULATING ELECTRONIC STOCK BOARD PEOPLE WATCHING REFLECTION OF CIRCULATING ELECTRONIC STOCK BOARD ON WALL OF GLASS ELECTRONIC STOCK BOARD ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE AT 9849.74 UP 157.90 TSE FLOOR
- Embargoed: 14th May 2011 13:00
- Keywords:
- Location: Japan, Japan
- Country: Japan
- Topics: Finance
- Reuters ID: LVAC5ES1U8NJQS4KRU4E45S4ZF9L
- Story Text: Japan's Nikkei stock average climbed 1.6 percent on Thursday (April 28) to its highest level since last's month quake, helped by better-than-expected domestic earnings and strength in U.S. shares.
The benchmark Nikkei average closed the day up 157.90 points at 9,849.74.
The broader Topix rose 11.98 points or 1.4 percent to 851.85.
The Nikkei also picked up momentum after breaking through its closely watched 200-day moving average of 9,814.
Japanese markets will be shut on Friday(April 29) and will reopen on Monday (May 2), ahead of more holidays next week.
Earnings from the likes of Honda Motor were due after the market close.
Stocks closed for the day before the Bank of Japan announced a sharp cut in its economic forecast for the current fiscal year due to last month's devastating earthquake. The BOJ, however, also projected a rebound in the autumn, signaling that it has eased policy enough to keep the economy afloat for now. - Copyright Holder: REUTERS
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