PT Solid Gold Berjangka | Japanese Stocks Climb as Exporters Gain on Back of Weak Yen
Japanese stocks rise as yen remains weak in the wake of Bank of Japan’s decision on Friday to keep policy unchanged.
Topix rose 0.2% to 2,380.18 at 9:01 a.m. in Tokyo
Nikkei 225 advanced 0.2% to 32,478.26
Sony contributed the most to the Topix’s gain, adding 0.7%. Out of 2,157 stocks in the index, 1,264 rose and 617 fell, while 276 were unchanged. A gauge of banks weighed on the Topix after completing a five-week advance Friday.
“A slightly weaker yen remains positive for Japanese equities,” said Shoji Hirakawa, chief global strategist at Tokai Tokyo Research Institute. “The BOJ governor’s press conference did not include any significant mention of exchange rates, and he said that inflation was also uncertain.”
Source : Bloomberg
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