BUSINESS Tokyo stocks rise in morning on receding fears over global recession

BUSINESS

Tokyo stocks rise in morning on receding fears over global recession

Xinhua

12:24, August 20, 2019

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File photo: VCG

TOKYO, Aug. 20 (Xinhua) -- Tokyo stocks rose Tuesday morning, tracking gains on Wall Street overnight, as investor concerns over a global recession were eased and sentiment buoyed by Germany preparing new fiscal stimulus measures and China's central bank unveiling interest rate reforms.

The 225-issue Nikkei Stock Average added 79.56 points, or 0.39 percent, from Monday to 20,642.72.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, was up 7.62 points, or 0.51 percent, at 1,501.95.

Real estate, securities house and electric appliance-linked issues comprised those that gained the most by the morning break. 

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