Tuesday, Mar 18 2025 | Time 06:12 Hrs(IST)
Business EconomyPosted at: Mar 17 2025 5:14PM


Tokyo stocks extend gains over U.S. market rally

Tokyo, Mar 17 (UNI) Tokyo stocks continued its upward trend on Monday as buying momentum carried over from the U.S. stock rally last week, with semiconductor-related stocks rebounding sharply.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 37,396.52, up 343.42 points, or 0.93 percent from the previous day.
Intermittent buying in stock index futures, likely by overseas speculators, pushed the index's gains above 500 points at one point.
Robust semiconductor performance in the U.S. market led to strong buying of Tokyo Electron, Advantest, and SoftBank Group. Defense-related stocks, such as Mitsubishi Heavy Industries, also surged with active trading.
Speculation that geopolitical risks related to Ukraine might ease led to yen depreciation, with the currency trading at the 149-yen level against the dollar. The weaker yen further fueled foreign buying in stock futures, helping the Nikkei 225 climb to the upper 37,500 range in the afternoon.
The TOPIX index rose for the fourth consecutive session, closing at 2,748.12, up 32.27 points, or 1.19 percent.
On the Tokyo Stock Exchange Prime Market, advancers outnumbered decliners, with 1,224 stocks rising, 364 falling, and 50 remaining unchanged.
UNI XINHUA GNK
Tags: #Tokyo stocks extend gains over U.S. market rally
More News

Total exports from India rise 6 24 pc to USD 750 53 billion

17 Mar 2025 | 10:42 PM

New Delhi, March 17 (UNI) India's cumulative exports (merchandise and services) during the April-February period of 2024-25 grew 6.24% year-on-year to USD 750.53 billion as compared to USD 706.43 billion in the corresponding period of the previous financial year, as per official data released on Monday.

see more..

Meghalaya to host 7th Act East Business show from March 25

17 Mar 2025 | 10:16 PM

Shillong, Mar 17 (UNI) Meghalaya is set to host the 7th Act East Business Show to foster stronger economic and trade relations between Bangladesh, Bhutan, India, Nepal (BBIN), and Association of Southeast Asian Nations (ASEAN).

see more..

Chai Kings secures USD 3 mn Series-A Funding from AVT

17 Mar 2025 | 8:56 PM

Chennai, Mar 17 (UNI) Chai Kings, Tamil Nadu’s leading chai retail chain, has successfully raised USD three million (Rs 24 crore) in its Series-A funding round from A.V.Thomas and Co.(AVT), one
of India’s largest packaged tea players.

see more..

Indian Forging body hosts spl session on current Industry scenario

17 Mar 2025 | 8:51 PM

Chennai, Mar 17 (UNI) The Association of Indian Forging Industry (AIFI) hosted an insightful and interactive session titled "Current Industry Scenario, Innovative Technology and Upskilling" in the
city on Monday.

see more..

Tata Motors announces price hike for commercial vehicles from April 2025

17 Mar 2025 | 8:43 PM

Hyderabad, Mar 17 (UNI) Tata Motors Limited, India’s largest commercial vehicle manufacturer and part of the USD 165 billion Tata group, on Monday announced a price increase of up to 2 per cent, across its commercial vehicle range.

see more..