And he finished Nikkei index Today’s trading rose 3.4 percent to 36,833.27 points amid widespread buying. It also closed Topix Index The broader index rose 2.4 percent to 2,592.5 points.
The yen retreated after hitting a high against the dollar. Dollar This year in the previous session.
“Because of the impact of the report, the U.S. dollar is likely to be the most affected,” said Hiroshi Namioka, senior analyst at T&D Asset Management. Consumer Price Index (US) We are seeing a downtrend in the yen. This seems to be contributing to positive moves in Japanese stocks.”
In a boost to the dollar, Wednesday’s consumer price index report pointed to some stability in Inflationcrushing bets that the Fed would Federal The US Federal Reserve will cut interest rates by 50 basis points next week.
Shares of exporting companies, which tend to benefit from a weaker local currency, rose.
Among the 33 sub-indicators in Tokyo Stock ExchangeThe transportation equipment sector index, which includes automakers, rose 2.4 percent and was among the best performing sectors.
The stock rose Toyota Motor rose 3.8 percent and Kawasaki Heavy Industries jumped 6.3 percent, leading the sector’s gains.
And I followed Technology stocks Japanese shares led their US counterparts higher, giving the Nikkei the biggest boost.
And the indicators closed US stocks The three major stocks were higher on Wednesday, supported by gains in the technology sector.
Shares in chipmaking equipment giant Tokyo Electron rose 4.8 percent, while Advantest jumped 9.2 percent.
The group’s stock rose Softbank To invest in startups, which focus on artificial intelligence, by about eight percent.
Fast Retailing, owner of the Uniqlo department store chain, rose 3.8 percent, giving the Nikkei the biggest boost.
Of the 225 stocks on the Nikkei index, 222 rose and three fell.
