News Column

Nikkei hits 5-month high in early trade on Wall St. gains

June 22, 2014

The Nikkei stock index hit a five-month high at the outset of trading on Monday as investor sentiment was lifted by Friday's gains on Wall Street.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 70.98 points, or 0.46 percent, from Friday to 15,420.40, after hitting 15,433.18, its highest level since Jan. 24 on an intraday basis.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 2.08 points, or 0.16 percent, to 1,271.00.

The Dow Jones Industrial Average and the S&P 500 index both ended at record highs on Friday in New York. Major gainers in the Tokyo market included nonferrous metal, marine transport and precision machinery shares.

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Source: Japan Economic Newswire

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