Around the World's Markets: Tokyo
THE BENCHMARK Nikkei average posted moderate gains yesterday as hopes that more Japanese banks would apply for public funds to reinforce their capital bases sparked a rally in the banking sector. However, concern remained that the leading exporters may cut their earnings forecasts owing to the strengthening of the yen against the dollar.
The 225-share Nikkei index rose 152.65 points or 1.13 per cent to close at 13,668.72, ending a four-day losing streak. December Nikkei futures finished 160 higher at 13,720.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies