JAPAN: Tokyo's Nikkei index opens up 1.4 percent on U.S. stocks gains despite spreading radiation fears from a earthquake-crippled Fukushima Daiichi nuclear plant

Record ID: 465025

  • Title: JAPAN: Tokyo's Nikkei index opens up 1.4 percent on U.S. stocks gains despite spreading radiation fears from a earthquake-crippled Fukushima Daiichi nuclear plant
  • Date: 26th March 2011
  • Summary: TOKYO, JAPAN (MARCH 25, 2011) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE VARIOUS OF TRADERS AT WORK FEMALE TRADER AT WORK STOCK PRICES RUNNING ON ELECTRONIC BOARD ELECTRONIC BOARD SHOWING SHARE PRICES NIKKEI AVERAGE NUMBERS SHOWN ON ELECTRONIC BOARD VARIOUS OF ELECTRONIC BOARD SHOWING STOCK PRICES TRADERS WORKING AT FOREIGN EXCHANGE TRADER AT WORK ANOTHER TRADER AT WORK FEMALE TRADER AT WORK ELECTRONIC BOARD SHOWING EXCHANGE RATE OF YEN AGAINST U.S. DOLLAR TRADERS AT WORK
  • Embargoed: 10th April 2011 13:00
  • Keywords:
  • Location: Japan, Japan
  • Country: Japan
  • Topics: Disasters / Accidents / Natural catastrophes,Finance
  • Reuters ID: LVA63CIOMRH40T69G74LMV68SXH6
  • Story Text: Tokyo's Nikkei index opens up 1.4 percent on U.S. stocks gains despite spreading radiation fears from a quake-crippled nuclear plant in northern Japan.
    The Nikkei average rose on Friday (March 25), helped by gains in U.S. stocks overnight although investors are still cautiously monitor developments at Japan's troubled nuclear power plant.
    Analysts said the overall market may get a lift as investors buy on dips, with some technical indicators showing that Japanese stocks are heavily oversold.
    The benchmark Nikkei average rose 1.4 percent, or 130.48 points, to 9,565.49 in Friday morning trade. The Topix gained 1.2 percent to 864.13.
    The index is down 7 percent from its close on March 11, when a massive earthquake and tsunami struck northeastern Japan and left about 27,400 people dead or missing.
    The dollar remained rated around 81.00 yen , off last week's peak of 82.00 yen set after the world's major central banks intervened to stem strength in the Japanese currency.
    Radiation injuries to three workers complicated the battle to control Japan's crippled Fukushima Daiichi nuclear plant, 240 km (150 miles) north of Tokyo and heightened global anxiety over the worst atomic crisis in 25 years.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2011. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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