Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: Tokyo

Saturday 06 March 1999 00:02 GMT
Comments

CHEAPER MONEY and a weaker yen helped Tokyo stocks to their biggest one-day gain this year. The Nikkei 225 index closed up 710.55 points, or 5.01 per cent at 14,894.

Hiroshi Ichio, strategist at Commerz Securities, said: "The market benefited from a monetary easing. As a result, the yen declined and it sparked expectations that the Japanese economy will not collapse further."

Market sentiment was also cheered by news that Sony and Toshiba plan to co-operate on chips for Sony's PlayStation machine.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in