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Indonesia News Portal for Traders | Financial & Business Updates

11 November 2024 08:29  |

The Nikkei 225 Index climbed 0.3%

The Nikkei 225 Index climbed 0.3% to close at 39,500 on Friday, hitting its highest levels in over three weeks intraday after the US Federal Reserve cut interest rates by 25 basis points, further fueling the post-election rally. Investors were also looking ahead to potential stimulus announcements from China, as the National People’s Congress Standing Committee wrapped up its five-day meeting.

Domestically, data revealed that Japanese household spending in September declined, though at a slower pace than anticipated by the market. Notable performers included index heavyweights such as Kawasaki Heavy Industries (6.1%), Mitsubishi Heavy Industries (+3.2%), Lasertec (+0.8%), SoftBank Group (+1.6%), and Fast Retailing (+1.2%). The Nikkei 225 Index advanced 3.8% this week, its best weekly performance since late August. (Cay)

Source: Trading Economi

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