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  • Tokyo stocks closed higher on Tuesday as investors took heart from US rallies and a cheaper yen while keeping their focus on earnings reports. The benchmark Nikkei 225 index ended up 0.97 percent or 271.12 points at 28,362.17 while the broader Topix index edged up 0.94 percent or 17.18 points to close at 1,847.02. "Rallies in US stocks and a cheap yen against the dollar supported the Japanese market," Okasan Online Securities said. The dollar fetched 104.98 yen, against 104.94 yen in New York and 104.68 yen in Tokyo late Monday. Nintendo was down 0.38 percent at 62,400 yen on profit-taking after it said net profit nearly doubled in the nine months to December and hiked its full-year forecast as new virus lockdowns drive demand. Japan Airlines rebounded 2.20 percent to 1,905 yen, having started in negative territory following its announcement that it was forecasting a larger-than-expected annual net loss of nearly $2.9 billion, as the aviation industry struggles with the fallout of the pandemic. Panasonic rallied 3.14 percent to 1,381.5 yen, while Sumitomo Mitsui Financial was down 0.57 percent at 3,296 yen ahead of their earnings reports due after market close. After trading hours, Panasonic said it revised up its full-year to March net profit forecast to 150 billion yen ($1.4 billion) from 100 billion yen in the previous estimate. kh/kaf/jfx
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  • Tokyo stocks close higher on US rallies, cheap yen
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