Tokyo shares up
Saturday, 7 October 2017
TOKYO, Oct 6 (AFP) Tokyo stocks rose Friday morning after Wall Street surged to fresh records on expectations for bumper US corporate earnings and hopes President Donald Trump's tax cut plan will be signed into law.
The Nikkei 225 added 0.25 per cent, or 50.62 points, to sit at 20,679.18 by the break, while the broader Topix index rose 0.23 per cent, or 3.83 points, to 1,686.32.
"There is a feeling that Japanese stocks are lagging behind after US shares hit fresh records," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary.
All three major indices in New York finished at new all-time peaks for the fourth straight session.
The latest records followed another round of benign US data that showed the US trade deficit shrank in August on record-high exports and fewer jobless claims last week than expected.
In Tokyo, automakers rose with Toyota gaining 0.72 percent to 6,833 yen and Honda was up 0.20 per cent at 3,395 yen.