Tokyo shares Wall Street’s optimism

Tokyo (awp / afp) – The Tokyo Stock Exchange was up sharply on Monday morning, moving to its highest level since mid-December in the wake of Wall Street’s rise on Friday, itself driven by hopes of an end coming monetary tightening.

The flagship Nikkei index gained 1.18% to 28,256.98 points around 00:40 GMT, marking its first foray above 28,000 points in session since December 15.

The broader Topix index advanced 0.85% to 2,036.61 points.

Western stock markets, Wall Street in the lead, ended in the green at the end of last week, optimistic following statements by an official of the American central bank (Fed) evoking a pause in monetary tightening this summer, and the ebb of bond rates.

On the side of values

RED CARPET FOR THE FEATURED INDEX: the title of the airline company Japan Airlines (JAL) gained 0.97% to 2,594 yen following the announcement of its return to the 225 stocks of the Nikkei index from April 3. Semiconductor manufacturer Renesas (+2.42% to 1,794 yen) will enter the index as part of this reshuffle, as will Oriental Land, the operator of Disney amusement parks near Tokyo, which lost him 1.69% to 21,430 yen.

On the side of currencies and oil

The yen fell slightly once morest the dollar, which was worth 135.94 yen around 12:40 a.m. GMT once morest 135.87 yen on Friday at 9:00 p.m. GMT.

The Japanese currency followed the same direction once morest the euro, which was trading for 144.56 yen once morest 144.49 yen at the end of last week.

One euro was also trading for 1.0633 dollars once morest 1.0635 dollars on Friday.

The oil market fell: around 00:30 GMT the barrel of American WTI dropped 0.31% to 79.43 dollars and that of Brent from the North Sea 0.34% to 85.54 dollars.

mac/roc

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