TOKYO, Feb. 6 (Xinhua) — Tokyo shares prolonged positive aspects for the third straight day on Thursday, pushed by sustained futures shopping for from abroad speculative traders following positive aspects in U.S. shares.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 39,066.53, up 235.05 factors, or 0.61 p.c from the day gone by.
Although the Nikkei quickly misplaced momentum after feedback from Bank of Japan (BOJ) Policy Board member Naoki Tamura strengthened the yen in opposition to the dollar, a rally in Asian markets within the afternoon helped renew shopping for curiosity, pushing the index increased towards the shut.
BOJ’s Tamura stated throughout a monetary and financial assembly on Thursday that even when the coverage price had been raised to 0.75 p.c, actual rates of interest would stay considerably unfavorable and much from a degree that might tighten the economic system.
His remarks fueled expectations of an earlier price hike, inflicting the yen to strengthen briefly to the 151-yen degree in opposition to the U.S. dollar.
Semiconductor-related shares similar to Tokyo Electron and Advantest had been among the many prime gainers.
The broader Tokyo Stock Price Index (TOPIX) additionally rose for the third consecutive day, closing 6.79 factors, or 0.25 p.c increased at 2,752.20.
On the Tokyo Stock Exchange Prime Market, advancing points outnumbered decliners 1,192 to 394, whereas 54 shares remained unchanged.