Thursday, September 19, 2013
Nikkei Ends At 2-Month High On Fed Announcement
TOKYO (NQN)--Tokyo stocks continued rising Thursday, with the Nikkei Stock Average surging 260.82 points, or 1.80%, to end the day at 14,766.18, its highest point since July 23.
Wall Street closed higher overnight, with the Dow Jones industrial average hitting an all-time high, after the Federal Reserve Board decided not to begin tapering its bond purchases. It was also reported that the Japanese government will consider reducing the corporate tax rate before the consumption tax rate is raised. As a result, investors became less risk-averse, prompting stock buying from early morning.
The trading value on the first section of the Tokyo Stock Exchange totaled about 2.41 trillion yen on a preliminary basis.