Thursday, September 19, 2013
Nikkei Opens Higher On Dow's All-Time High
TOKYO (NQN)--Tokyo stocks opened higher Thursday, with the Nikkei Stock Average jumping 175.04 points to begin the day at 14,680.40.
The Dow Jones industrial average hit an all-time high overnight after the Federal Reserve Board of the U.S. decided not to begin tapering its asset purchases at the two-day meeting of the Federal Open Market Committee, which ended Wednesday afternoon, U.S. time. The positive sentiment carried over to the Tokyo market, with investors buying a broad range of issues, including financial shares.
Japan posted a trade deficit of 960.3 billion yen in August on a customs-cleared basis, according to preliminary data released before the bell by the Finance Ministry. It was the largest deficit for the month since comparable data began to be compiled in 1979. However, market response to it appears limited.