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Tokyo stocks close higher after US presidential debate

Tokyo stocks close higher after US presidential debate

News24
23 Oct 2020, 20:13 GMT+10

Tokyo stocks closed higher on Friday as investors were relieved by the final and more civil debate between US President Donald Trump and challenger Joe Biden compared with their first messy showdown.

The benchmark Nikkei index advanced 0.18% or 42.32 points to end at 23 516.59, while the broader Topix index rose 0.34% or 5.53 points at 1 625.32.

The dollar fetched ¥104.70 in Asian trade, against ¥104.90 in New York.

There was a sense of release after the final US presidential debate but traders were “in a wait-and-see mode” before the announcement of corporate financial results next week, Okasan Online Securities said in a commentary.

In Tokyo, Mitsubishi Heavy Industries soared 6.56% to ¥2 370 after it failed to confirm reports it will suspend development of its long-awaited regional jet after years of pushing back the commercial rollout of Mitsubishi SpaceJet, formerly known as MRJ.

Among other shares, Uniqlo casual wear operator Fast Retailing climbed 0.38% to ¥72 660 while Toyota edged up 0.10% to ¥6 973 and its rival Honda rose 0.74% to ¥2 580.

Japan’s core consumer price index, which excludes fresh food, was down 0.3% year-on-year in September, against market expectations of minus 0.4%, according to official data released before the opening bell.

Source: News24

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