News Column

Tokyo stocks bounce back after Yellen's remarks, China data

May 7, 2014

Tokyo stocks bounced back Thursday from the previous day's sell-off as U.S. Federal Reserve chief Janet Yellen's generally dovish remarks and better-than-expected Chinese trade data improved market sentiment.

The 225-issue Nikkei Stock Average ended up 130.33 points, or 0.93 percent, from Wednesday at 14,163.78. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 8.00 points, or 0.69 percent, higher at 1,160.01.

Gainers were led by wholesale, shipping and utility shares.

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Source: Japan Economic Newswire