TOKYO —

Tokyo stocks rose Tuesday on advances in financial and resource-related issues after a surge on Wall Street overnight, but gains were trimmed toward late trading as investors stepped aside to await Chinese industrial output and other key data due the next day. The 225-issue Nikkei Stock Average gained 61.74 points, from Monday to 9,870.73 despite briefly nearing the 10,000 line. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 1.77 points to 872.44.
   
‘‘Tokyo stocks rose as investors cheered the surge in U.S. stocks, but gains were capped when the Nikkei index approached around 10,000,’’ said Masumi Yamamoto, a Daiwa Securities SMBC Co. market analyst. New York stocks rose about 2% Monday, with the Dow Jones index up to a 13-month closing high, on the Group of 20 countries’ pledge over the weekend to keep stimulus measures in place. In Tokyo, financial issues tracked their U.S. peers’ gains and resource-related shares advanced on a rise in a broad range of commodity prices.
 

© 2009 Kyodo News. All rights reserved. No reproduction or republication without written permission.

› Login to comment

1 Comments

• 

  some14some at 05:40 PM JST - 10th November

  TOPIX up 1.77 point what a big surge ! Need to generate more heat to bring Nikkei to 10,000 and TOPIX to 900 atleast, may be by 2010 !

Register or Login to leave a comment