Tuesday, March 5, 2013
Nikkei Ends Morning Higher On Wall St Gains
TOKYO (NQN)--Tokyo stocks continued to rise into the fourth straight trading day Tuesday, in line with overnight gains on Wall Street, with the Nikkei Stock Average climbing 86.83 points, or 0.75%, to end the morning session at 11,739.12.
The benchmark index briefly rose to 11,779, its highest point since Sept. 29, 2008, when the index hit 12,062.
Kikuo Iwata, an economics professor at Gakushuin University and a nominee for the post of Bank of Japan deputy governor, said at a lower house steering committee that started at 10:30 a.m. that further monetary easing was necessary. Despite earlier expectations, the investor reaction to the comment appears limited.
The trading value on the first section of the Tokyo Stock Exchange totaled 1.05 trillion yen, while the trading volume stood at 1.69 billion shares.