Tokyo, March 5 (Jiji Press)–Japan’s Nikkei 225 stock average jumped over 2,300 points Thursday morning, rallying from a 4,600-point loss in its three-day slump through Wednesday. The key index reached 56,619.98 at 9:40 a.m., advancing 2,374.44 points, or 4.38 pct, from Wednesday’s closing. The Nikkei rebounded as fears of prolonged tensions in the Middle East eased. The New York Times reported Wednesday that Iran secretly reached out to the United States with an offer to start discussing terms for ending the conflict between the two countries. “Investors bought back stocks after the rise in crude oil prices paused,” an official at a Japanese asset management firm said. “Crude oil prices have a large impact on the Japanese economy, so there is a growing sense of relief.” END [Copyright The Jiji Press, Ltd.]
Nikkei Average Rallies over 2,300 Points in Morning
Related Posts
Kairos No. 3 Rocket Launch Unsuccessful
(A typo in the fifth paragraph has been corrected.) Kairos No. 3 Rocket Launch Unsuccessful Kushimoto, Wakayama Pref., March 5 (Jiji Press)–The launch of Japanese startup Space One Co.’s Kairos No. 3 small rocket ended in failure on Thursday morning, following the
Japan Researchers Uncover Mechanism behind Beni Koji Hazard
Tokyo, March 5 (Jiji Press)–A Japanese research team has uncovered a part of the mechanism by which a substance found in Kobayashi Pharmaceutical Co.’s supplements containing “beni koji,” or red fermented rice, triggered kidney damage, it was learned Thursday. Although it had
