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Japan Nikkei closes above 24K level

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Capital Market
The Japan share market finished session higher on Tuesday, 23 January 2018, as investors' appetite for risk assets backed by tracking Wall Street's cheer overnight after US senators struck a deal to end a three-day government shutdown. Wall Street's main indexes climbed to record highs after US lawmakers passed a short-term measure on Monday to fund the federal government through 8 Feb. 2018. The Tokyo market gathered further steam on expectations for Japanese and U.S. companies to post brisk earnings amid the recovery of the global economy. Among TSE 33 sectors, shares of real estate, precision instrument, and iron and steel-oriented issues were notable gainers. The Nikkei ended 307.82 points, or 1.29%, higher at 24,124.15, the best finish since 14 Nov. 1991. The Topix, which covers all issues on the Tokyo Stock Exchange's first section, rose 19.15 points, or 1.01%, to close at 1,911.07, a level unseen since 17 June 1991.

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First Published: Jan 23 2018 | 5:07 PM IST

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