Global Market: Japan’s Nikkei Extends Weekly Gains as Softer US Inflation Boosts Risk Appetite
10 Articles
10 Articles
The Tokyo and Seoul Stock Exchanges increased this Friday, August 14, driven by the slowdown in US inflation and the hope of a more patient Fed on rates. However, oil is going up again in the face of tensions with Iran.
Global Market: Japan’s Nikkei extends weekly gains as softer US inflation boosts risk appetite
Japan’s Nikkei 225 rose nearly 1% on Friday and was on track for a strong weekly gain, supported by softer-than-expected US producer prices, easing concerns over an imminent Fed rate hike and stronger global risk appetite. Technology stocks led gains, while lower oil prices also supported sentiment.
The prospect of a pause in interest rates on the US Federal Reserve provides for a buying mood on the Asian equity markets. Prices in Seoul and Tokyo are rising particularly strongly.
(Tokyo=Yonhap News) Correspondent Lee Do-yeon = Margin trading in the Japanese stock market, where individual investors borrow funds or stocks from securities firms to trade, has doubled since the beginning of the year...
Nikkei 225 Index bullish flag forms as SoftBank, Kioxia, Nintendo stocks jump
The Nikkei 225 Index jumped sharply this week, reaching its highest level since July 6, and 15% above its lowest level this month. This rebound was driven by the ongoing technology stock gains as investors bought the recent dip. It also happened as traders cheered the recent earnings. Kioxia, Softbank, and Tokyo Electron rebound The Nikkei 225 Index jumped this week as top technology companies like Softbank, Kioxia, and Tokyo Electron rebounded …
There is a happy mood on leading indices in Asia in Thursday trading. Japan's Nikkei 225 climbs 1.6 percent.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
