(Update) Tokyo Stocks Continue Sharp Rally as U.S. Economic Worries Ease
Tokyo, Aug. 16 (Jiji Press)--Stocks extended their sharp rally from recent declines on the Tokyo Stock Exchange on Friday, as concerns about the U.S. economy eased thanks to solid consumption and employment data released overnight.
The Nikkei 225 stock average surged 1,336.03 points, or 3.64 pct, from Thursday's closing to 38,062.67, the highest finish since Aug. 1, and the broader TOPIX index gained 77.85 points, or 2.99 pct, to 2,678.60. Both indexes rose for the fifth consecutive market day.
Investor sentiment improved after data showed Thursday that U.S. retail sales grew 1.0 pct in July, beating market forecasts of 0.3 pct, and that initial jobless claims in the country fell last week, market sources said.
"Concerns that the U.S. economy could experience a hard landing, which were fueled by the weak July employment report (released by the U.S. government earlier this month), have cooled for now," said an official at a major brokerage firm.
The Nikkei average was driven higher by heavyweight components including semiconductor-related issues. Chip-manufacturing equipment makers Tokyo Electron and Advantest jumped 4.83 pct and 6.83 pct, respectively.
(2024/08/16-15:33)
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NATION
- 09/12 18:22 Niigata Starts Outside Shipments of Koshihikari Rice
- 09/12 18:21 3 Arrested for Alleged Laundering of Online Casino Money
- 09/12 18:18 (Update) LDP, Other Parties Demand Hyogo Governor's Resignation
- 09/12 18:13 Japan, Finland to Consider Defense Equipment Transfer
- 09/12 17:52 LDP Leader Hopeful Koizumi Reveals Reunion with Birth Mother
- 09/12 17:35 Use of My Number Card as Driver's License to Start March 24
- 09/12 17:34 LDP, Other Parties Demand Hyogo Governor's Resignation
- 09/12 16:35 (Update) Koizumi Favored for LDP Leadership, Followed by Ishiba: Jiji Poll
- 09/12 16:25 BOJ Rate Hikes to 1 Pct Needed for Inflation Target: Tamura
- 09/12 15:52 Japan Producer Prices Up 2.5 Pct in Aug.
- 09/12 15:26 Koizumi Leads LDP Leadership Race, Followed by Ishiba: Jiji Poll
- 09/12 14:44 Ex-Peruvian Pres. Fujimori, with Links to Japan, Dies at 86
- 09/12 14:16 Former Wife Pleads Not Guilty to Murder of "Don Juan of Kishu"
- 09/12 13:34 (Update) LDP Leadership Race Officially Begins with 9 Candidates
- 09/12 13:18 Japan Official Joins Brazil Event to Promote Fishery Products
- 09/12 12:36 (Update 2) N. Korea Fires Ballistic Missiles toward Sea of Japan
- 09/12 12:19 LDP Leadership Race Officially Begins with 9 Candidates
- 09/12 09:51 (Update) N. Korea Fires Ballistic Missiles toward Sea of Japan
- 09/12 07:44 N. Korea Fires Apparent Ballistic Missile
- 09/12 01:09 Japanese Forced Sterilization Victims Likely to Get 15 M. Yen Each
- 09/11 22:54 Japan Likely to Convene Parliament Oct. 1 to Elect Kishida's Successor
- 09/11 22:01 Financial Markets "Still Unstable": BOJ Policymaker
- 09/11 20:03 Japan, China, South Korea Set 40 M. Tourist Target
- 09/11 19:55 JR Freight Rail Yards Inspected over Data Fraud
- 09/11 18:28 Japan Imperial Family Branches to Share More via Social Media
- 09/11 18:26 Hyogo Governor Accused of Breach of Trust over Baseball Parade
- 09/11 18:23 NHK Faces Administrative Guidance over Chinese Staffer's Remarks
- 09/11 18:16 Japan Curry Rice Price Index Hits Record High of 342 Yen
- 09/11 17:54 LDP Mulls No-Confidence Motion against Hyogo Governor
- 09/11 17:50 (Update) Yen Surges, Nikkei Tumbles on Hawkish BOJ
- 09/11 17:14 (Update) Kamikawa Announces Bid for LDP Presidency
- 09/11 16:47 Osaka Moves Closer to IR after Operator Waives Right to Withdraw
- 09/11 16:03 Japan Parties Agree on Measures against For-Profit Election Posters
- 09/11 16:00 Koizumi Has Support from Ex-Min. Noda in LDP Election
- 09/11 15:06 Nippon Steel Vice Chairman to Meet U.S. Officials in Washington: FT
- 09/11 14:53 Kamikawa Announces Bid for LDP Presidency
- 09/11 13:48 Terminal Care at Home Surged in Japan during COVID-19 Pandemic
- 09/11 13:19 Panel Says Meta's Deletion of Comment against Japan PM "Error"
- 09/11 10:39 Univ. of Tokyo Announces Plan to Raise Tuition
- 09/11 00:55 Japan Crown Princess Kiko Turns 58
- 09/10 22:59 NHK Director Resigns over Chinese Staff Member's Controversial Comments
- 09/10 22:38 Japan MSDF's "Flattop" to Undergo Tests with U.S. Fighters
- 09/10 22:19 (Update 2) Kato to Run in LDP Leadership Race
- 09/10 21:52 Mt. Fuji Climbing Season Ends with No Confusion Under New Rules
- 09/10 21:25 Women Make Up 60 Pct of Attempted Suicide, Self-Harm in Japan
- 09/10 21:01 Belarus Continues Japan-Bashing after Detaining Japanese Man
- 09/10 19:57 Quad Leaders Likely to Meet in U.S. on Sept. 21
- 09/10 19:42 (Update 2) Yamaguchi to Quit as Komeito Head
- 09/10 19:18 IAEA Backs Recycling, Disposal Plan for Fukushima Soil
- 09/10 19:11 LDP Faction Accountant Gets Suspended Sentence over Funds Scandal
- 09/10 17:44 (Update) Okinawa's Tamaki Urges Tokyo, Washington to Discuss with Locals
- 09/10 17:28 Exhibition on Japanese Olympians at Paris Starts in Tokyo
- 09/10 15:42 Japan to Recommend Ex-MOF Official Kanda as ADB Pres.
- 09/10 15:24 Japanese Author Koichiro Uno Dies at 90
- 09/10 15:21 Japan Govt to Additionally Spend 108.8 B. Yen on Noto Quake Aid
- 09/10 15:06 Okinawa's Tamaki Urges Tokyo, Washington to Discuss with Locals
- 09/10 14:43 (Update) Yamaguchi Announces Decision to Quit as Komeito Head
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- 09/10 12:39 LDP's Kato Says to Run in Party Leadership Race
- 09/10 11:18 (Update) TEPCO Resumes Nuclear Debris Removal Work
- 09/09 23:18 Ex-Japan Currency Diplomat Kanda Likely to Head ADB
- 09/09 22:40 (Update) Takaichi Announces Bid for LDP Presidency
- 09/09 22:03 "Shogun" Clinches Record-Breaking 14 Emmys
- 09/09 21:57 Former Rengo Chief Tsuyoshi Takagi Dies at 80
- 09/09 21:24 TEPCO to Resume Nuclear Debris Removal Work Tues.
- 09/09 19:44 INTERVIEW: CDP's Noda Conditionally OKs Restarting N-Plants
- 09/09 19:14 (Update 2) Nagasaki Court Recognizes Some Plaintiffs as A-Bomb Victims
- 09/09 18:59 Redevelopment Plan for Tokyo's Jingu Gaien Area Revised
- 09/09 18:13 INTERVIEW: Resona to Open Branches for In-Person Consultations
- 09/09 18:08 (Update) Embattled Hyogo Gov. Rejects Nippon Ishin's Call for Resignation
- 09/09 17:28 Japan Likely to Propose Asuka-Fujiwara Sites for World Heritage Listing
- 09/09 16:55 2 Liberian Men Nabbed in Fake Gold Deal in Tokyo
- 09/09 16:36 Takaichi Announces Bid for LDP Presidency
- 09/09 16:13 Nagasaki Court Recognizes Some Plaintiffs as A-Bomb Victims
- 09/09 13:29 Japan Logs Largest July Current Account Surplus
- 09/09 12:16 Paris Paralympics End after Japan Wins 41 Medals
- 09/09 11:29 Ruling Camp-Backed Candidate Wins Ginowan Mayoral Poll
- 09/09 09:57 Ishii to Replace Yamaguchi as Komeito Chief
- 09/09 09:04 Japan April-June GDP Revised Down to Annual 2.9 Pct Rise
- 09/09 00:11 Nippon Ishin to Demand Hyogo Governor's Resignation
- 09/08 21:34 Japanese Runners Win Paralympic Marathon Bronze Medals
- 09/08 17:03 (Update) CDP Leader Candidates Vow to Challenge Scandal-Hit LDP Lawmakers
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- 09/08 12:16 Japan to Deploy Small Rescue Vehicles for Disaster Response
- 09/08 11:06 (Update) Japan's Oda Wins Gold in Paralympic Wheelchair Tennis
- 09/08 10:12 Harrods Starts Selling Fukushima Peaches
- 09/07 18:37 LDP Leadership Hopefuls Campaign across Japan
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- 09/07 13:05 (Update 2) Japan's Kamiji Wins Gold in Paralympic Wheelchair Tennis
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- 09/06 23:38 Japan's Kamiji Wins Gold in Paris Wheelchair Tennis Singles
- 09/06 22:13 Kishida Affirms Shuttle Diplomacy in Last S. Korea Trip as PM
- 09/06 21:17 4 Chinese Ships Enter Japanese Waters off Senkakus
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- 09/06 21:03 (Update) Hyogo Gov. Defends Decision against Whistleblower Protection
- 09/06 20:12 (Update) Ex-Univ. Student Gets 23 Yrs over Tokyo Robbery-Murder
- 09/06 19:35 Hyogo Gov. Defends Decision against Whistleblower Protection
- 09/06 18:42 Japan Coincident Economic Index Rises in July
- 09/06 18:01 Hyogo Governor Told Deputy to Identify Whistleblower
- 09/06 17:50 Ex-Univ. Student Gets 23 Yrs over Tokyo Robbery-Murder
- 09/06 17:09 (Update) In Bid for LDP Presidency, Koizumi Vows Early Lower House Election
- 09/06 16:58 Okinawa Governor Condemns Alleged Sexual Assault by U.S. Marine
- 09/06 16:28 Japan to Enhance Evacuation System for Kashiwazaki-Kariwa N-Plant
- 09/06 16:08 In Bid for LDP Presidency, Koizumi Vows Early Lower House Election
- 09/06 15:07 CDP Head Izumi Announces Bid for Re-Election
- 09/06 14:45 Japanese Research Vessel Mirai Enters Arctic Ocean
- 09/06 13:38 Japan Household Spending Up 0.1 Pct in July
- 09/06 13:33 Kishida Leaves for S. Korea for Talks with Yoon
- 09/06 10:06 Japan's Ground SDF Joins Amphibious Drill in Indonesia
- 09/06 08:45 (Update 2) Japan Wins Women's Wheelchair Tennis Doubles Gold at Paris
- 09/06 02:14 (Update) Japan Wins Women's Wheelchair Tennis Doubles Gold at Paris
- 09/06 01:24 Japan Govt Warns against Baseless Info about Prince Hisahito
- 09/06 00:49 Japanese Prince Hisahito Turns 18
- 09/05 23:38 Repair Work Begins for Hood Linked to Warlord Uesugi Kenshin
- 09/05 23:22 Yen Seen Weakening Regardless of U.S. Election Outcome
- 09/05 22:03 Japan Gives Seoul Info on 1945 Sunken Ship with Korean Passengers
- 09/05 21:46 Buyout Offer Too Low, Seven & i to Tell Canadian Firm
- 09/05 21:27 Nishimatsu Construction Ordered to Pay Wartime Labor Compensation
- 09/05 20:59 Ex-Japan PM Noda Vows Ban on Donations from Firms
