Tokyo stocks open higher on US rebound

22/6/2022 12:27:00 PM

Tokyo stocks open higher on US rebound

Tokyo, Stocks

Tokyo stocks open higher on US rebound

TOKYO , June 22 — Tokyo stocks opened higher on Wednesday as investors took heart from a strong bounce back on Wall Street following last week’s rout over inflation fears. The...

Wednesday, 22 Jun 2022 10:08 AM MYTTOKYO, June 22 — Tokyo stocks opened higher on Wednesday as investors took heart from a strong bounce back on Wall Street following last week’s rout over inflation fears.The benchmark Nikkei 225 index was up 0.67 per cent, or 175.54 points, at 26,421.85 in early trade, while the broader Topix index was up 0.70 per cent, or 13.07 points, at 1,869.27.

Japanese shares are starting with gains with support from US stocks gains, “but a wait-and-see attitude will likely emerge ahead of US Federal Reserve Chairman (Jerome) Powell’s testimony before Congress” later in the day, senior market analyst Toshiyuki Kanayama of Monex said in a note.

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for the latest news you need to know.“The reserves position is sufficient to finance 5.A WASHINGTON (June 21): US existing home sales tumbled to a two-year low in May as prices jumped to a record high — topping the US$400,000 mark for the first time — and mortgage rates increased further, pushing out entry-level buyers from the market.for the latest news you need to know.

Wednesday, 22 Jun 2022 10:08 AM MYT TOKYO, June 22 — Tokyo stocks opened higher on Wednesday as investors took heart from a strong bounce back on Wall Street following last week’s rout over inflation fears. The benchmark Nikkei 225 index was up 0.1 times the total short-term external debt,” the central bank said in a statement.67 per cent, or 175. "Existing home sales should continue to slow over the course of the year as mortgage rates move higher," said David Berson, chief economist at Nationwide in Columbus, Ohio.54 points, at 26,421.3bil), IMF reserves position (US$1.85 in early trade, while the broader Topix index was up 0. As the interview aired, state security forces were raiding a home he owns northeast of Beirut as part of a judge’s probe into alleged misconduct and corruption.

70 per cent, or 13.4bil), and other reserve assets (US$3.4% to a seasonally adjusted annual rate of 5.07 points, at 1,869.27. Article type: free. Japanese shares are starting with gains with support from US stocks gains, “but a wait-and-see attitude will likely emerge ahead of US Federal Reserve Chairman (Jerome) Powell’s testimony before Congress” later in the day, senior market analyst Toshiyuki Kanayama of Monex said in a note. Economists polled by Reuters had forecast sales would decrease to a rate of 5. Wall Street stocks bounced overnight, starting a holiday-shortened week on a positive note as investors debated whether the rally could signify a market comeback. “We will have more than 11 billion that we can use.

After bruising losses last week, the Dow Jones Industrial Average finished up 2.2 per cent at 30,530.0 million to 4.25. The broad-based S&P 500 jumped 2.5 per cent and the tech-rich Nasdaq Composite Index won 2.6% on a year-on-year basis last month. The statement contradicts the position of Lebanon’s deputy prime minister Saade Chami, who told Reuters he was “not seeing any benefits to keeping” banking secrecy in the country.

5 per cent. Analysts described the market as primed for a rally after heavy losses for most of 2022 that have left stocks “oversold” on a short-term basis. The dollar fetched ¥136.78%, according to data from mortgage finance agency Freddie Mac.30 (RM4.40) in early Asian trade, against ¥136.

64 in New York late Tuesday when the yen hit a new 24-year low against the greenback. The report joined housing starts, building permits and homebuilder sentiment in suggesting that the housing market was losing speed under the weight of higher borrowing costs. The Japanese currency fell to the 136 level in London trading in anticipation of wider interest rate gaps between the two countries, even as the dollar eased against other major peers ahead of the Fed chair’s congressional testimony. Japan’s central bank has bucked the trend set by global peers in sticking with its ultra-easy monetary policy, arguing current inflationary trends are only temporary. Among major shares in Tokyo, Toyota rallied 1.01 in May from 0.61 per cent to 2,173 yen, Panasonic was up 0.

99 per cent at ¥1,122.5, industrial robot maker Fanuc was up 0. Fears of a recession have been mounting in the wake of the Fed's decision last week to raise its policy rate by three-quarters of a percentage point, its biggest hike since 1994.91 per cent at ¥21,125 and construction machine maker Komatsu was up 0.84 per cent at ¥3,103. — AFP Advertisement . The dollar fell against a basket of currencies.