Tokyo shares cheer Wall Street rally on stimulus hopes; Fujifilm soars [Reuters (UK)]
FUJIFILM HLDGS CORP ADR (FUJIY)
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Source: Reuters
Tokyo shares cheer Wall Street rally on stimulus hopes; Fujifilm soars - Reuters 2 Min Read March 18 (Reuters) - Japanese stocks advanced on Wednesday after Wall Street staged a strong rebound as policymakers across the world cobbled together packages to counter the severe restrictions on various regular activities aiming at slowing the spread of the coronavirus. The overall sentiment, however, was still fragile as lockdowns in Europe and the United States fanned concerns about the widening epidemic and whether policy support would be adequate enough to contain the economic fallout. The benchmark Nikkei average rose 1.7% to 17,308.33 by the midday break, moving off a 3-1/2-year low touched on Tuesday. The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing and considered to be a fear gauge, dropped 0.6% to 56.32, but was still not far from Monday’s nine-year peak of 60.86. Adding to the wariness were U.S. stock futures, which slid as much
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