Home Actualité internationale World News – CA – Tokyo Nikkei jumps over 3% with eyes on US vote
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World News – CA – Tokyo Nikkei jumps over 3% with eyes on US vote

The Nikkei 225 index rose 139 percent, or 31,835 points, to close at 2,329,548, breaking a five-day losing streak

File: A pedestrian walks past an electronic quote board displaying the Nikkei 225 (C) index along with another Tokyo Stock Exchange stock index in Tokyo on October 7, 2020 Philip FONG / AFP

TOKYO – Tokyo’s Nikkei benchmark gained more than 13% on Monday on bargain hunting as the market braces for the US presidential election

The Nikkei 225 index rose 139 percent, or 31,835 points, to close at 2329548, breaking a five-day losing streak The larger Topix index gained 181 percent, or 2,862 points, to 160,795

« It’s only natural to see stocks rebounding from the sharp drop last week, » said Toshikazu Horiuchi, broker at IwaiCosmo Securities

« After a series of buyouts, however, the players have stayed on the sidelines, waiting to see the results of the US presidential election, which is truly unpredictable, » Horiuchi told AFP

In Tokyo, Japan Airlines gained 181% to 1,850 yen after forecasting an annual net loss of more than $ 2.3 billion as the coronavirus pandemic keeps flights on the ground globally

Toyota jumped 214% to 6,949 yen after report says the automaker will increase production to record levels between November and January in response to strong demand in China and the United States

Sony rose 108 percent to 8,768 yen after a report that the company was in talks to acquire US animation distributor Crunchyroll from AT&T

Nikkei 225, Stock, TYO, US Presidential, 2020, Stock index

News from around the world – CA – Tokyo Nikkei jumps more than 13% with eyes on the american vote



SOURCE: https://www.w24news.com/news/world-news-ca-tokyo-nikkei-jumps-over-3-with-eyes-on-us-vote/?remotepost=509602

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