Tokyo stocks open higher tracking US gains

27/6/2022 5:31:00 AM

Tokyo stocks open higher tracking US gains

Japan Stocks, Tokyo Stocks

Tokyo stocks open higher tracking US gains

TOKYO, June 27 — Tokyo stocks opened higher today, extending strong rallies on Wall Street, where the weakening economic outlook moderated expectations on central bank monetary...

Monday, 27 Jun 2022 9:48 AM MYTTOKYO, June 27 — Tokyo stocks opened higher today, extending strong rallies on Wall Street, where the weakening economic outlook moderated expectations on central bank monetary tightening.The benchmark Nikkei 225 index was up 1.02 per cent, or 271.10 points, at 26,763.07 in early trade, while the broader Topix index was up 1.00 per cent, or 18.60 points, at 1,885.32.

The dollar fetched ¥135.00 (RM4.40), against 135.17 yen in New York late Friday.“Gains in US shares are likely encouraging investors in Japanese stocks to buy,” Mizuho Securities said.On Wall Street, the Dow gained 2.7 per cent to 31,500.68, the broad-based S&P 500 added 3.1 per cent, while the tech-rich Nasdaq Composite Index jumped 3.3 per cent.

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Monday, 27 Jun 2022 9:48 AM MYT TOKYO, June 27 — Tokyo stocks opened higher today, extending strong rallies on Wall Street, where the weakening economic outlook moderated expectations on central bank monetary tightening. The benchmark Nikkei 225 index was up 1.2 million) worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.02 per cent, or 271. Harmony develops blockchains for so-called decentralised finance — peer-to-peer sites that offer loans and other services without the traditional gatekeepers such as banks — and non-fungible tokens.10 points, at 26,763. The California-based company said the heist hit its Horizon “bridge”, a tool for transferring crypto between different blockchains — the underlying software used by digital tokens such as bitcoin and ether.07 in early trade, while the broader Topix index was up 1. Notably absent will be French President Emmanual Macron who had formally joined the Chinese infrastructure programme.

00 per cent, or 18. Over US$1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic. Over US$1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic.60 points, at 1,885.32. In a statement, Harmony added that it had a global team “working around the clock to address the issue”. The dollar fetched ¥135. “We are currently narrowing down the potential attack vectors while working to identify the culprit,” a spokesperson said, adding that Harmony had already tried to contact the hacker via a transaction to their crypto wallet address.00 (RM4. Elliptic, which tracks publicly visible blockchain data, said the hackers stole a number of different cryptocurrencies from Harmony, including ether, Tether, and USD Coin, which they later swapped for ether using so-called decentralised exchanges. The funds would be raised through grants and federal funds, and by leveraging private-sector investments, the White House said, adding that hundreds of billions of additional dollars could come from multilateral development banks, development finance institutions, sovereign wealth funds and others.

40), against 135.17 yen in New York late Friday. The United States linked North Korean hackers to the theft. The United States linked North Korean hackers to the theft. “Gains in US shares are likely encouraging investors in Japanese stocks to buy,” Mizuho Securities said. On Wall Street, the Dow gained 2.7 per cent to 31,500.3 million in technical assistance to Institut Pasteur de Dakar in Senegal as it develops an industrial-scale flexible multi-vaccine manufacturing facility in that country that can eventually produce Covid-19 and other vaccines.

68, the broad-based S&P 500 added 3.1 per cent, while the tech-rich Nasdaq Composite Index jumped 3.3 per cent. The heightened global recession risk is leading investors to speculate that the pace of the US Federal Reserve’s interest rate hikes could be slower than expected, analysts said. But Rakuten Securities senior strategist Masayuki Kubota shrugged off recession worries, saying it “most likely” will not happen, while US and Japanese share prices have now fallen far enough for bargain-hunting purchases to dominate.

Sony Group rallied 1.69 per cent to ¥11,440, chip-testing equipment manufacturer Advantest was up 1.62 per cent at ¥7,510, and Hitachi was up 2.05 per cent at ¥6,523. Tokyo Electric (TEPCO) was up 3.

98 per cent at 496 yen, after the industry ministry warned that electricity’s demand-supply balance will be tight on Monday due to hot weather. — AFP Advertisement .