Japanese Shares Rise on Weaker Yen
The Nikkei 225 Index rose 0.3% to above 38,200 on Thursday, rebounding from three-week lows as the yen fell to its weakest levels in nearly three months, boosting the profit outlook for Japan’s export-heavy industries.
Still, caution dominated sentiment ahead of Japan’s general election this weekend and a slew of corporate earnings reports. Meanwhile, data showed that private sector activity in Japan contracted for the first time in four months during October as both manufacturing and services sectors slumped.
Technology stocks led the rebound, with gains from Disco (0.9%), Tokyo Electron (2.3%) and Advantest (1.4%). Other index heavyweights like Nidec (1.4%) and IHI Corp (2.9%) also posted strong gains. Meanwhile, Tokyo Metro fell 1.2% on Thursday after a 45% surge during its market debut in the previous session. (cay)
Sumber : Trading Economi