AFP, Tokyo :
Tokyo stocks on Thursday recovered from a two-percent drop in the key index the previous day amid lingering worries over US President Donald Trump’s decision to recognise Jerusalem as Israel’s capital.
The benchmark Nikkei 225 index gained 1.45 percent, or 320.99 points, to close at 22,498.03, while the broader Topix index was up 1.18 percent, or 20.83 points, at 1,786.25.
“Although US President Trump’s announcement to recognise Jerusalem as Israel’s capital is a worrisome factor for the situation in the Middle East, Japanese shares may regain part of the sharpest drop this year the previous day,” SBI Securities said in a commentary.
The muted reaction in US stocks to the president’s comment is also supporting the Tokyo market, it noted.
A weak yen, which is a positive for Japanese exporters, also helped the Nikkei index recover, dealers said.
The dollar was trading at 112.51 yen Thursday afternoon, up from 112.27 yen in New York late Wednesday.
Tokyo stocks on Thursday recovered from a two-percent drop in the key index the previous day amid lingering worries over US President Donald Trump’s decision to recognise Jerusalem as Israel’s capital.
The benchmark Nikkei 225 index gained 1.45 percent, or 320.99 points, to close at 22,498.03, while the broader Topix index was up 1.18 percent, or 20.83 points, at 1,786.25.
“Although US President Trump’s announcement to recognise Jerusalem as Israel’s capital is a worrisome factor for the situation in the Middle East, Japanese shares may regain part of the sharpest drop this year the previous day,” SBI Securities said in a commentary.
The muted reaction in US stocks to the president’s comment is also supporting the Tokyo market, it noted.
A weak yen, which is a positive for Japanese exporters, also helped the Nikkei index recover, dealers said.
The dollar was trading at 112.51 yen Thursday afternoon, up from 112.27 yen in New York late Wednesday.
