Solid Gold Berjangka | Japan Shares Rise as US Tech Rally, Yen’s Pause Boost Mood

01:15 22 August in Market, SOLID GOLD BERJANGKA | SOLID GROUP

Japanese shares advanced for a second day on Tuesday as a Wall Street rally in big tech including Nvidia Corp. bolstered investor sentiment, with a pause in the yen’s strengthening supporting export-related stocks.

The Topix Index rose 0.8% to 2,260.05 as of 9:19 a.m. in Tokyo time

The Nikkei advanced 1% to 31,872.91

Electronics, precision instruments, and automakers gained as the yen’s rise took a breather, and materials-related firms and trading companies also advanced. Financials such as banks and insurers rose too.

Nvidia’s earnings announcement on Wednesday “could trigger a turnaround in technology stocks as a whole if we see stronger demand for new innovations,” said Hideyuki Ishiguro, senior strategist at Nomura Asset Management Co.

Toyota Motor Corp. contributed the most to the Topix Index gain, increasing 1.8%. Out of 2,158 stocks in the index, 1,471 rose and 508 fell, while 179 were unchanged.

Source : Bloomberg

Nikkei 225 Saham Jepang IndeksTopix

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