Wednesday, October 9, 2013
Nikkei Ends Above 14,000 On Dollar's Rise
TOKYO (NQN)--Tokyo stocks closed higher Wednesday, with the Nikkei Stock Average rising 143.23 points, or 1.03%, to end the day at 14,037.84.
It is the first time in three trading days that the benchmark index has ended above 14,000.
Investor sentiment improved on the view that the U.S. budget stalemate is nearing an end and that the country's government shutdown will soon be over. Investors bought blue chips on speculation that the upper limit of U.S. government debt will be raised. The dollar briefly rose to the mid-97 yen range, prompting investors to buyback Toyota Motor Corp. (7203) and other exporters.
An overnight fall on Wall Street fueled selling of a broad range of issues in early trade on the Tokyo market, with the Nikkei average falling more than 140 points at one point.
Trading value on the first section of the Tokyo Stock Exchange totaled 1.84 trillion yen on a preliminary basis.