Thursday, 4 June 2020 11:21 WIB |
MARKET UPDATE |Nikkei 225Saham Jepang indeks Topix
Japanese stocks drifted near their more than three-month highs on Thursday on signs of an economic rebound from a coronavirus-led slump and a weakening yen, with the rally losing steam as investors locked in profits.
The benchmark Nikkei average gained a marginally 0.08% to 22,631.01 by the midday break, after touching its highest intraday level since Feb. 25 and then seesawed between gains and losses in morning trade. The broader Topix eased just 0.01% to 1,598.86 by the recess, after erasing its early gains, with three-fifth of the 33 sector sub-indexes on the Tokyo exchange trading lower.
On Wednesday, data showed that U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, which helped propel all the three major indexes on Wall Street.
In the currency market, the safe-haven yen weakened, with the dollar/yen hitting a fresh two-month high of 109.04 yen early Thursday and the euro/yen touching a 4-1/2-month high of 122.625 yen overnight.
Source : Reuters