Tokyo: Tokyo stocks opened higher on Monday with exporters rising on a cheaper yen and the apparently limited impact of US-led strikes on Syria.
The benchmark Nikkei 225 index gained 0.23 percent, or 49.51 points, to 21,828.25 in early trade while the broader Topix was up 0.14 percent, or 2.36 points, at 1,731.72.
The dollar firmed to 107.48 yen Monday from 107.35 yen in New York Friday afternoon before the announcement of a wave of Western strikes against Syria's regime.
A lower yen is positive for Japanese exports as it inflates their earnings abroad.
The strikes "have thus far drawn only verbal condemnation from Russia with Russia's prediction of 'global chaos' if the West hits Syria again not filling markets with fresh dread", Ray Attrill, head of currency strategy at National Australia Bank, said in a client note.
US, French and British missiles destroyed sites suspected of hosting chemical weapons development and storage facilities on the weekend, but the buildings were mostly empty and the Western allies swiftly reverted to diplomatic efforts.
Russian President Vladimir Putin, the Syrian regime's top ally, warned that fresh strikes would spark 'chaos', but Washington vowed economic sanctions against Moscow rather than further military action.
"There are no signs of a further escalation in bilateral (Russia-US) tensions," said SMBC Nikko chief economist Yoshimasa Maruyama.
"Chances are that the future Syrian situation will show a similar development to that of April 2017," he said in a commentary, noting market reactions to the US missile attacks at that time were only temporary.
In Tokyo trade, Canon rose 0.23 percent to 3,874 yen and Sony gained 1.18 percent to 5,307 yen. (AFP)
Asian markets rallied on Monday, extending their gains at the end of last week, following another strong US jobs report that reinforced…
Shares of Chinese smartphone giant Xiaomi fell almost 6 percent in its trading debut in Hong Kong.
The Jakarta Composite Index (JCI) dropped by 0.77 percent or 44.42 points to 5,694.91 on Friday, July 6, 2018.
The Jakarta Composite Index (JCI) dropped by 0.63 percent or 36.05 points to 5,703.28 brefore break on Friday.
The Jakarta Composite Index (JCI) increased by 0.1 percent or 5.69 points to 5,739.33 on Thursday, July 5, 2018.
The Jakarta Composite Index (JCI) decreased by 0.35 percent or 20.12 points to 5,713.52 before break on Wednesday.
Asian stocks edged down Thursday as investors fretted over US-China tariffs which are due to kick in within hours and threaten to…
The Jakarta Composite Index (JCI) increased by 1.77 percent or 99.7 points to 5,733.64 on Wednesday, July 4, 2018.
The Jakarta Composite Index (JCI) increased by 0.18 percent or 10.01 points to 5,643.94 before break on Wednesday.
The Jakarta Composite Index (JCI) dropped by 1.97 percent or 112.83 points to 5,633.94 on Tuesday, July 3, 2018.
Bukalapak salah satu toko online yang berpartisipasi di Harbolnas 2017.
Bank Indonesia senior deputy governor Mirza Adityaswara on Friday said inflation stood at 0.3 percent month-to-month in the first…
Coordinating Minister for Economic Affairs Darmin Nasution is optimistic that the rupiah could continue its positive trend until the…
President Joko "Jokowi" Widodo has encouraged start-up companies to develop systems that could help small and medium enterprises…
Finance Minister Sri Mulyani Indrawati on Thursday said that the budget deficit stood at 1.95 percent of gross domestic product (GDP)…
President Joko "Jokowi" Widodo has ensured that the New Yogyakarta International Airport project would be fully operational…
Finance Minister Sri Mulyani Indrawati is confident that the government would exceed its state revenue target by the end of the year.
Coordinating Minister for Economic Affairs Darmin Nasution is optimistic that the central govenment could achieve its economic growth…
The Indonesian Employers Association (Apindo) chairman Hariyadi Sukamdani believes that the rupiah could reach Rp13,000 per US Dollar…
The Agriculture Ministry has taken a number of measures to stablize prices ahead of Christmas and New Year holidays.
The Indonesian Employers Association (Apindo) has predicted that the Indonesian economy could grow by around 5.2 percent next year.