Thursday, January 01, 2026 | 12:54 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Nikkei hits 4-week closing high on Wall Street rally

The broader Topix index rose 1.2% to 1,233

Reuters Tokyo

The Nikkei average advanced to a four-week closing high on Tuesday after a rally in Wall Street shares to historic highs triggered short-covering in battered Japanese stocks.

The Nikkei rose 1.4% to 15,051.60, its highest close since January 29. It has recovered more than 40% of its losses since it fell from a six-year peak hit in late December.

Shares of Softbank Corp climbed to their highest in a month on a report that the company is seeking to buy a stake in Line Corp, a mobile-messaging service controlled by South Korea's Naver Corp.

The broader Topix index rose 1.2% to 1,233.66.

 

The JPX-Nikkei Index 400, an index launched this year comprising firms with high return on equity and strong corporate governance, rose 1.2% to 11,159.39.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 25 2014 | 12:20 PM IST

Explore News