Friday, February 22, 2013
Nikkei Closes Up On Lift From Futures Trading
TOKYO (NQN)--Tokyo stocks bounced back Friday, helped by bullish futures trading.
The Nikkei Stock Average ended the day up 76.81 points, or 0.68%, on the day at 11,385.94.
The benchmark index bucked a series of negative incentives, including an overnight slide on Wall Street and the yen's appreciation against the dollar and euro. Also, investors were largely on the sidelines ahead of the Japan-U.S. summit scheduled for this weekend.
But the index found support from the rise in futures trading, which prompted arbitrage players to buy cash stocks.