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Nikkei 255 Up 0.6% On Wall Street Cues, Earnings Season Results

05/10/2021 01:51

05:50 AM EDT, 05/10/2021 (MT Newswires) -- The Nikkei 225 opened higher Monday after Friday rallies on Wall Street and in Europe, and held ground to finish up 0.6% despite a tenacious third wave of the COVID-19 pandemic in Japan. The nation reported more than 6,500 new infections on Sunday, approaching daily record-highs set in the second wave in January. Authorities last week extended and expanded state of emergency declarations for Tokyo, Osaka and other regions.

The benchmark index rose 160.52 to 29,518.34 as gaining issues outnumbered losers 186 to 37.

Leading the upside were steelmaker JFE (JFEEF, 5411:Tokyo), up 7.2%, followed by camera-house Ricoh (RICOY, 7752:Tokyo), up 5.8%, and then conglomerate Yamaha (7951;Tokyo), up 5.7%.

On the downside were game-maker DeNA (DNACY, 2432:Tokyo), off 10.1% after reporting earnings, and then shipper Kawasaki Kisen Kaisha (KAKKF, 9107:Tokyo), up 6.4%.