China’s expected stimulus measures boost Tokyo market
March 5th, 2009 - 2:32 pm ICT by IANSTokyo, March 5 (DPA) The Japanese market extended gains Thursday as optimism spread that China’s economic stimulus measures may help the world economy to recover.
After the National People’s Congress, the nominal parliament of the ruling Communist Party of China, opened Thursday in Beijing, the benchmark Nikkei 225 Stock Average jumped 142.53 points, or 1.95 percent, to close at 7,433.49.
The broader Topix index of all first section issues was also up 9.51 points, or 1.3 percent, to 741.55.
The nine-day congress was expected to implement a 4-trillion-yuan ($586 billion) economic stimulus package.
On currency markets at midday (0300 GMT), the dollar traded at 99.21-26 yen, up from Wednesday’s 5 p.m. quote of 98.82-84 yen.
The euro traded at $1.2593-98, up from late Wednesday’s quote of $1.2509-12, and at 124.95-125.00 yen, up from 123.63-67 yen.
- Nikkei hits four-month low on Wall Street fall - Mar 06, 2009
- Nikkei closes at 26-year low on US economic concerns - Mar 10, 2009
- Nikkei closes at 26-year low on economic concerns - Mar 09, 2009
- Tokyo market ends higher on hopes of stock-boosting measures - Mar 04, 2009
- Nikkei surges to 9,000 level - Oct 30, 2008
- Nikkei loses 4 percent on renewed economic worry - Jan 08, 2009
- Nikkei recovers to 9,000 level (Lead) - Nov 04, 2008
- Tokyo stocks fall six percent on economic worries (Lead) - Nov 06, 2008
- Sensex closes 276 points lower weighed by TCS, negative cues - Oct 18, 2011
- Nikkei closes below 8,000 on financial worries (Lead) - Jan 21, 2009
- China's economy grows 10.3 percent in 2010 - Jan 20, 2011
- Tokyo stocks end higher on Obama's victory - Nov 05, 2008
- Sensex up 95 points, makes third straight week of gains (Roundup) - Jan 20, 2012
- Tokyo stocks up after Wall Street's rally - Jun 01, 2009
- Tokyo stocks mixed in morning trading - Nov 25, 2009
Tags: beijing, broader topix index, communist party of china, congress, currency markets, economic stimulus package, japanese market, measures, midday, nikkei 225, optimism, parliament, ruling communist party, stock average, tokyo march, tokyo market, trillion, world economy, yen, yuan