iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Japan Nikkei extends gain to third day; tourism-related stocks lead

12 Sep 2022 , 03:57 PM

Japanese share market finished higher for third consecutive session on Monday, 12 September 2022, supported by positive lead from Wall Street last Friday, yen depreciation to upper 142 range against greenback, and hopes of a recovery in the tourism industry after reports of easing tourism restrictions. At closing bell, the 225-issue Nikkei Stock Average index inclined by 327.36 points, or 1.16%, to 28,542.11. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 14.69 points, or 0.75%, to 1,980.22. Shares of tourism related companies advanced, after a report said Japans government is considering scrapping its cap on the daily arrivals of overseas visitors by October. Japans Deputy Chief Cabinet Secretary Seiji Kihara said Sunday that the government is reviewing its strict border control policy of keeping daily entries below 50,000 and will remove it in the not-so-distant future. His remarks were followed by Chief Cabinet Secretary Hirokazu Matsuno saying Monday that the government will consider how to alleviate coronavirus restrictions, while keeping the pandemic in check. Among tourism-related stocks, Japan Airlines rose 2%, while ANA Holdings surged 2.5%. Keisei Electric Railway, which runs trains connecting to the Haneda airport, jumped 3.6%. Shares of department stores that are popular with tourists were also bought, with Isetan Mitsukoshi Holdings advancing 4.7%. Exporters stocks were also higher. Electronic component manufacturer TDK gained 1.8%, while electric motor manufacturer Nidec climbed 1.5%. CURRENCY NEWS: The Japanese yen depreciated to upper 142 level against greenback on Monday. At 5 p.m., the dollar fetched 142.76-78 yen compared with 142.60-70 yen in New York and 142.35-37 yen in Tokyo at 5 p.m. Friday.Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.