Nikkei Rises, Japan Flooded with Positive Sentiment from Wall Street
Japanese stock indexes rose in recent trading, following Wall Street's recent record highs. This rise was supported by expectations that the Fed will maintain its loose monetary policy in the near term. The technology, metals, and electronics sectors led the gains, with SoftBank Group shares surging 4.9%, Sumitomo Metal Mining up 4.7%, and Hitachi Ltd. gaining 3.2%. In the foreign exchange market, USD/JPY traded around 155.58, slightly weakening from 156.09 at the close of trading in Tokyo on Thursday, reflecting slightly more positive sentiment towards the yen.
Investors are also starting to focus on domestic factors, particularly Japanese economic data and policy moves from Prime Minister Sanae Takaichi ahead of next week's Bank of Japan (BoJ) policy meeting. The market is eager to see whether the BoJ will remain ultra-dovish or begin to signal a shift in its stance. For now, sentiment remains constructive, as reflected in the Nikkei Index's 1.1% rise to 50,694.27, indicating that risk appetite in the Japanese market remains quite strong. (az)
Source: Newsmaker.id
