Around the World's Markets: Tokyo
HOPES THAT Japanese pension funds will soon be allocating new money into the stock market helped sustain the rally in Tokyo, pushing the Nikkei 225 share index 0.3 per cent higher to 16,764.68.
A brighter-than-expected picture of prospects for the economy from Herwig Schloegl, the deputy secretary-general of the OECD, praising the measures taken by the government, also helped sentiment. High-tech shares such as Sony and NEC eased but banks and insurance shares benefited.
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