Nikkei Green, But Japanese Markets Remain in a "Tug of War"
The Nikkei 225 Index rose 0.6% to 53,698.24 in the latest trading session. The gains were supported by financial and electronics stocks, which managed to withstand pressure from weakening retail and some technology stocks.
In stock markets, Japan Post Bank surged 3.3% and Kioxia Holdings rose 6.0%. Conversely, Aeon Co. fell 3.2% and Recruit Holdings weakened 3.3%. Meanwhile, the broader Topix index fell 0.4% to 3,521.08, indicating uneven market gains.
In the currency market, USD/JPY was at 153.08, up from 152.62 at the Tokyo close on Wednesday. Investors now await the earnings season, with Takeda Pharmaceutical, Fujitsu, and Canon scheduled to release results today. In addition, the market is also monitoring the direction of Prime Minister Sanae Takaichi's economic plans ahead of the early February elections. (az)
Source: Newsmaker.id