Tokyo’s Nikkei surges 8pc after US stimulus deal | Malay Mail

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TOKYO, March 25 — Tokyo stocks surged over 8 per cent Wednesday, in their best percentage gain since 2008, on news of a US$2-trillion US coronavirus rescue package and relief that the Tokyo Olympics was postponed, not cancelled. The benchmark Nikkei 225 index, which soared more than seven per...

A man wearing a protective face mask walks past a screen showing the Nikkei index outside a brokerage in Tokyo March 13, 2020. — Reuters pic

“Buy-back has accelerated as investors welcomed a series of policies announced by each country, notably the US,” he told AFP. Horiuchi of IwaiCosmo said “players are taking the news of the Olympics’ postponement positively. It’s much better than a cancellation”.

Source: News Formal (newsformal.com)

 

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