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About: http://data.cimple.eu/news-article/fa21019dd84884ca1d2dfd0c1d7265294b1958f1dd49764e7ea4aa16 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo stocks rose Monday supported by gains on Wall Street with investors digesting Japan's third-quarter GDP figures, which showed an exit from recession. The benchmark Nikkei 225 index added 2.05 percent, or 521.06 points, at 25,906.93, while the broader Topix index gained 1.68 percent, or 28.59 points, to 1,731.81. Shortly before the opening bell, government figures suggested Japan's economy exited recession in the third quarter, with its GDP growing a better-than-expected 5.0 percent thanks to a rise in domestic demand and exports -- signs of recovery after a record contraction. The Tokyo bourse was also lifted by overnight gains on Wall Street amid hopes for further economic stimulus in the United States under the new administration. "In the risk-on atmosphere, the market headed north while riding out profit-taking moves," Okasan Online said in a note. Investors focused on shares that react sensitively to changes in broad economic conditions, such as steel and shipping, said SMBC Nikko Securities. "Today's Nikkei average enjoyed a major rebound... Momentum has continued since last week when investors cheered the progress made on the development of vaccines against the coronavirus," SMBC Nikko said. "Investors actively searched for bargain stocks," the brokerage said. Among major shares, Nissan jumped 5.44 percent to 469 yen, following a media report that the firm has started reviewing its capital relations with Mitsubishi Motors including selling its stake. Mitsubishi denied the report, while Nissan did not immediate respond. Japan Airlines soared 5.56 percent to 1,938 yen, while rival ANA Holdings added 3.96 percent to 2,545.5 yen. Nippon Steel added 3.01 percent to 1,215 yen. Mitsubishi UFJ Financial Group rose 3.48 percent to 461.1 yen. But Nintendo dropped 1.19 percent to 53,440 yen. Olympus gave up earlier gains and fell 0.97 percent to 2,204 yen. On Wall Street, the Dow ended up 1.4 percent to close at 29,479.81. hih/sah/fox
schema:headline	Tokyo shares bounce back as Japan exits recession
schema:mentions	Nissan Fox USA Gymnastics Nintendo Recession Steel Gross domestic product United States Severe acute respiratory syndrome coronavirus 2 Nikko Smith Olympus Corporation Nippon Steel Sumitomo Mitsui Banking Corporation Mitsubishi UFJ Financial Group All Nippon Airways Japan Airlines Mitsubishi Economy of Japan Momentum Japanese yen Nikkei 225 Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	50 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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