Tokyo stocks open higher

News Image

MG News | February 27, 2018 at 09:50 AM GMT+05:00

Tokyo stocks opened higher on Tuesday, extending Wall Street gains after inflation fears that sparked wild volatility earlier this month receded.

The benchmark Nikkei 225 index rose 1.09 percent or 241.11 points to 22,394.74 in early trade while the broader Topix index was up 0.90 percent or 16.04 points at 1,790.85.

"Following rallies in the European and US bourses, Japanese shares seem to be brisk" in Tuesday trading, Okasan Online Securities said in a commentary.

New US Federal Reserve chief Jerome Powell will speak before key congressional committees on Tuesday and Thursday in his debut appearance.

Markets will pore over his comments for clues about plans for monetary policy -- though many predict he will stick to the path of his predecessor Janet Yellen.

Ahead of Powell's speech later Tuesday, "normally investors should step aside from active trading," Okasan said.

However, with the market already factoring in a faster-than-earlier-expected pace of rate hikes this year, the Fed boss's speech "may be over without making waves in the market," it added – APP/AFP

Related News

Name Price/Vol %Chg/NChg
KSE100 171,725.29
261.56M
2.31%
3881.05
ALLSHR 103,214.49
498.64M
2.00%
2024.02
KSE30 51,517.14
135.33M
2.40%
1209.13
KMI30 246,565.71
111.44M
2.29%
5524.54
KMIALLSHR 67,042.77
274.55M
1.94%
1273.86
BKTi 47,299.71
43.26M
3.04%
1394.54
OGTi 36,341.37
10.64M
2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,625.00 77,935.00
76,105.00
850.00
1.12%
BRENT CRUDE 99.26 100.12
97.12
3.12
3.25%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 111.10 111.10
111.10
0.35
0.32%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 92.69 93.90
89.41
-3.91
-4.05%
SUGAR #11 WORLD 14.54 14.63
14.44
-0.16
-1.09%

Chart of the Day


Latest News
May 26, 2026 at 04:42 AM GMT+05:00

BankIslami launches FOCUS


May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda


May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China


May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg