News24
25 Nov 2020, 19:43 GMT+10
Tokyo stocks closed higher on Wednesday as investors took heart from rallies on Wall Street, with US political uncertainty receding.
The benchmark Nikkei 225 index was up 0.50% or 131.27 points, to end at 26 296.86, while the broader Topix index advanced 0.30%, or 5.27 points, to 1 767.67.
In the afternoon, however, gains narrowed "due to concerns over the economy after Tokyo said it would ask eateries to close early", Okasan Online Securities said in a note to clients.
The Tokyo metropolitan government has reportedly decided to ask establishments offering alcohol to close at 10 pm until mid-December as the number of Covid cases rises in the capital.
Companies that comply with the request will get subsidies of up to ¥400 000 ($3 830), according to public broadcaster NHK.
The US Dow soared above 30 000 points for the first time with investors reassured the United States can avoid a constitutional crisis over the transition of power following elections earlier this month.
President Donald Trump has still not conceded, but on Monday his administration officially authorised a transition - clearing the way for Joe Biden to have access to funds, office space and the ability to meet with federal officials.
The dollar fetched 104.53 yen in Asian trade, against 104.43 yen in New York late Tuesday.
Among major shares in Tokyo, Uniqlo casual wear operator Fast Retailing climbed 0.81% to 83 680 yen while Sony grew 3.37% to 9 810 yen.
Nissan soared 6.95% to 538.2 yen.
Airlines were among winners, with ANA Holdings gaining 4.67% to 2 599 yen and Japan Airlines jumping 10.19% to 2 215 yen.
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationThe end of Donald Trump's dysfunctional tenure in the White House means the start of a relatively normal presidency under ...
U.S. President Donald Trump left the White House for the final time on Wednesday, heading by helicopter to a nearby ...
Last week Israeli human rights group B'Tselem released a position paper describing for the first time in its 30-year history, ...
WASHINGTON, DC - With a promise to 'heal' America, which in recent months witnessed a chaotic election and messy transition ...
KABUL, Afghanistan - Major violence has spread, and escalated across Afghanistan.Scores of national security forces and Taliban militants have been ...
JERUSALEM - Israeli authorities should provide Covid-19 vaccines to the more than 4.5 million Palestinians in the occupied West Bank ...
NEW YORK, New York - U.S. stocks rallied to new record highs on Wednesday as the 46th president of the ...
Chinese billionaire Jack Ma has made his first public appearance since openly criticizing China's financial regulatory system just over two ...
SYDNEY, NSW, Australia - Stock markets in Asia generally advanced on Wednesday, confident the incoming Biden administration will take positive ...
TAIPEI, Taiwan - The Taiwanese multinational hardware and electronics company, Acer unveiled five new workstations focused on schools on Tuesday, ...
U.S. stocks rose on Tuesday, the last day of Donald Trump's presidency.It was a fitting farewell as numerous records were ...
DUBLIN, Ireland - Five additional Irish ports for UK registered Northern Ireland vessel landings have been designated for both IUU ...