News Column

Nikkei hits 1-month high early morning on Wall St. gains

May 25, 2014

The Nikkei stock index hit a fresh one-month high at the outset of trading on Monday as investor sentiment brightened after U.S. shares continued to rise on upbeat housing sales data.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 97.95 points, or 0.68 percent, from Friday to 14,560.12, after briefly hitting 14,592.60, its highest intraday level since April 22. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 9.48 points, or 0.80 percent, to 1,189.92.

The market was underpinned by the yen's further depreciation against the U.S. dollar, with export-oriented high-tech shares drawing buying. Other major gainers included brokerage, shipping and steel shares.

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Source: Japan Economic Newswire

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