Monday, 08 February 2021 12:55

Tokyo stocks rise sharply in morning on U.S. stimulus hopes




TOKYO, Feb. 8 (Xinhua) -- Tokyo stocks advanced Monday morning, with the benchmark Nikkei stock index breaching the 29,000 mark for the first time since August 1990, on growing hopes for further U.S. stimulus measures to tackle the downside effects of the pandemic.

The 225-issue Nikkei Stock Average climbed 598.99 points, or 2.08 percent, from Friday to 29,378.18.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 32.54 points, or 1.72 percent, at 1,923.49.

Iron and steel, mining and marine transportation issues comprised those that gained the most by the morning break.