Japan Stocks Rise as Optimism Returns on U.S. Data, Fed Comments
Monday, 7 January 2019 09:52 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix

Japanese stocks rose as comments from the Federal Reserve and strong jobs data from the U.S. fueled investor optimism on risk assets.

Topix rose 2.8% to 1,512.87 as of close of morning session in Tokyo and Nikkei 225 added 2.8% at 20,113.37. Meanwhile, Yen gained 0.2% to 108.33 per dollar after falling 0.8% on Friday.

Electronics makers and auto-related stocks provided the biggest lifts to the Topix index as all industry sub-groups advanced. Keyence surged 5.9%, Sony advanced 3.8%, Fanuc jumped 4.7%.

Autos: Toyota +3.3%, Honda +3.4%, Suzuki +6.7%.

Chemicals: Shin-Etsu Chemical +4.6%, Asahi Kasei +4.7%, Kao +1.6%.

Source: Bloomberg


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