Nikkei Rebounds After US Completes Attack on Iran
The Nikkei 225 index rebounded slightly on Thursday, rising 0.06% to close at 64,217. This gain came after the index had fallen sharply by 2.87% earlier in the trading session.
Market sentiment began to improve after the United States military announced that the latest attack on Iran had been completed. This news raised hopes that the space for peace negotiations between the parties involved could reopen.
However, pressure remains in the technology sector. Investors are still monitoring the valuations of AI-based stocks, which are considered quite high, resulting in limited movement in several Japanese stocks with significant exposure to global AI trends.
Domestically, market attention is also focused on the Bank of Japan. The Japanese central bank is expected to raise interest rates next week, as rising energy costs due to conflicts in the Middle East have the potential to depress inflation.
Individually, Kioxia Holdings jumped 7%, Taiyo Yuden rose 6.2%, and Murata Manufacturing strengthened 3.7%. However, SoftBank Group fell 1.4%, Fujikura weakened 1.2%, and Toyota Motor declined 2.4%. (asd)
Source: Newsmaker.id
