Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 17, 2014

Tokyo stocks open 0.21% higher

Tokyo stocks opened 0.21 per cent higher on Monday as investors gave a lukewarm response to the Japanese growth data.

The Nikkei-225 index was up 30.70 points to 14,343.73 at the start.

Just before the market open, government data showed Japan's economy grew 0.3 per cent in the October-December quarter, bringing the annual expansion to 1.6 per cent in 2013 -- the best result in three years.

But the quarterly growth was weaker than the 0.7 per cent expansion economists had expected on average in a survey by the Nikkei economic daily.

US stocks Friday vaulted higher as investors shrugged off a report showing poor industrial output last month as mainly weather-related.

The Dow Jones Industrial Average rose 0.79 per cent to 16,154.39. The dollar was 101.58 yen early Monday, slightly down from 101.81 yen in New York Friday afternoon.

The euro bought $1.3996 against $1.3695 while slipping to 139.18 yen from 139.42 yen.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search