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Indonesia News Portal for Traders | Financial & Business Updates

12 November 2024 08:52  |

The Nikkei 225 Index rose 0.5%

The Nikkei 225 Index rose 0.5% to above 39,700 while the broader Topix Index gained 0.9% to 2,765 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street as the post-election rally sent major US indexes to all-time highs.

The rally was fueled by optimism around Trump’s victory and the possibility of a Republican sweep in Congress, which raised expectations for deregulation and tax cuts. In Japan, investors were focused on the Bank of Japan’s monetary policy outlook after the latest summary of opinions revealed a division among policymakers over the timing of future rate hikes.

Markets also continued to assess the implications of a sharply weakening yen, which has added uncertainty to the economic landscape. Notable stock gains were seen in Mitsubishi Heavy Industries(+2.2%), Mitsubishi UFJ Financial Group (+1.9%), and SoftBank Group (+0.17%). In corporate news, Recruit Holdings surged 5.7% after reporting strong quarterly earnings.(Cay)

Source: Trading economi

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