Japan Nikkei surges 1.42%

Japanese share market finished session sharply higher on Tuesday, 18 October 2022, supported by strong overnight Wall Street performance and a dramatic U-turn in British fiscal policy boosted risk sentiment globally.

At closing bell, the 225-issue Nikkei Stock Average index inclined by 380.35 points, or 1.42%, to 27,156.14. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 21.88 points, or 1.16%, to 1,901.44.

Recruit Holdings Co rose 5% after announcing a 150 billion yen ($1.01 billion) share buyback program.

Toshiba Corp. fell over 1% following reports that some global banks have turned cautious over backing large buyouts due to rising borrowing costs in the United States and elsewhere.

 

CURRENCY NEWS: The dollar fetched 148.86 yen, against 149.03 yen in New York

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