Tokyo stocks rose Monday, with the Nikkei stock index closing above 69,000 for the first time, said Timothy Pope, a market analyst for China Global Television Network (CGTN).
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 3,297.46 points, or 4.99 percent from Friday at 69,317.50, after briefly surging over 5 percent.
The broader Topix index, meanwhile, finished 117.64 points, or 3.03 percent, higher at 3,999.60, also a record closing high.
"Over in Tokyo the Nikkei 225 was up very strongly right from the outset and the index closed above 69,000 points for the first time, jumping 5.6 percent. The broader Topix Index also hit a fresh record high, less than half a point below the 4000 level. And that tells you, I think, how big the relief rally was in Japan because we didn't just see the big heavyweight tech firms on the Nikkei rising, but also the much broader basket of stocks on the Topix, which often doesn't move either in the same direction, or at least to the same degree as we see on the Nikkei. Notable gainers today included the aviation sector. There was a big sense of relief there, with ANA Holdings rising 6 percent, and SoftBank, the bellwether tech investor, was up 10 percent," Pope said.
Tokyo stocks end over 69,000 points for first time
Chinese Premier Li Qiang on Monday called for efforts to coordinate and optimize the spatial layouts of agricultural, ecological and urban spaces, and further improve the country's functional zoning system.
Li made the remarks while presiding over a State Council group study session on strengthening the implementation of the functional zoning strategy and promoting coordinated regional development.
These efforts should promote the formation of a new pattern for the development and protection of territorial space featuring clearly defined functions, complementary strengths and high-quality development, providing strong support for promoting coordinated regional development and optimizing the layout of major productive forces, said Li.
Li said efforts should be made to optimize functional zoning and make spatial governance more targeted and refined, while improving the policy and institutional system suited to functional zoning to guide different regions in pursuing differentiated and coordinated development.
Stressing that the coordinated regional development strategy, major regional strategies and the new urbanization strategy are all major strategies based on territorial space, Li called for efforts to promote the coordinated implementation and integration of the functional zoning strategy with other major national strategies.
Li also stressed the need to improve implementation mechanism for the functional zoning strategy, strengthen coordination among departments and localities, improve supporting systems, enhance policy integration, and form greater synergy in this work.
At the session, Fan Jie, an academician of the Chinese Academy of Sciences, gave a lecture. Vice Premiers He Lifeng and Liu Guozhong and State Councilor Shen Yiqin also delivered speeches.
Chinese premier calls for strengthening implementation of functional zoning strategy
