• SHARE

Tokyo stocks ended higher Monday, after reassurances by Prime Minister Fumio Kishida on his economic policies heartened sentiment, but prices remained well below a 31-year high marked in mid-September as skepticism over the new leader’s approach added to concerns about the post-pandemic growth outlook.

The 225-issue Nikkei Stock Average ended up 449.26 points from Friday to close at 28,498.20, but was still 7% below its recent high point. The market has also been rattled by China Evergrande Group’s debt crisis as well as rising long-term U.S. Treasury yields and higher oil prices.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)