Japan's Nikkei hits 4-month high as earnings power rise

Xinhua
17 Nov 2023, 19:44 GMT+10

TOKYO, Nov. 17 (Xinhua) -- Tokyo stocks closed higher on Friday, with the Nikkei index hitting a four-month high, cheered by optimism following a strong domestic earnings season that just wrapped up.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 160.79 points, or 0.48 percent, from Thursday at 33,585.20, its highest close since July 3.

The broader Topix index, meanwhile, finished 22.43 points, or 0.95 percent, higher at 2,391.05.

On the stock market, investors were optimistic following the strong performances reported by Japanese firms so far this earnings season, as well as hopes the Fed's rate hike campaign will be over sooner than later, analysts said.

On the top-tier Prime Market, gainers were led by air transportation, precision instruments and construction issues.

Japan Airlines climbed 66.5 yen, or 2.4 percent, to 2,886.0 yen, while ANA Holdings, the parent company of All Nippon Airways Co., rose 97 yen, or 3.2 percent, to 3,124 yen. (1 Japanese yen equals 0.0067 U.S. dollar)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Rio De Janeiro Sun.

More Information

27 ℃

Fair in Rio De Janeiro/Dumont

South America

Section

Real open talks with Argentina coach Lionel Scaloni as manager Ancelotti's future remains uncertain

Madrid [Spain], November 28 (ANI): Spanish footballing giants Real Madrid have opened talks with Argentine head coach Lionel Scaloni to ...

COP28 Has Big Agenda but Wont Have Biden, Xi

When world leaders gather in Dubai beginning Thursday for COP28, this year's U.N. climate summit, the heads of the world's ...

Taylor Swift announces Eras Tour will stream from her birthday

Washington [US], November 27 (ANI): American singer-songwriter Taylor Swift is bringing her record-breaking Eras Tour to households across the U.S. ...

Mine waste can threaten sensitive ecosystems: Study

California [US], November 27 (ANI): According to a University of Queensland study, about one-third of the world's mine tailings are ...

Argentina President-Elect Milei Heads to US on Private Visit

Buenos Aires, Argentina - Argentina's president-elect Javier Milei was traveling Sunday to the United States to meet with U.S. and ...

"Cape Town Conversation important process for Global South...": Former South African President

Cape Town [South Africa], November 26 (ANI): Former South African President Thabo Mbeki emphasized the significance of the Cape Town ...

International

Section