Nikkei Jumps 1%, Tech Stocks Lead Gains
Japanese stocks saw significant gains on Thursday, with the Nikkei Stock Average rising 1.0% to 51,826.46. This rise was driven by a sharp weakening of the yen following the Bank of Japan's decision to keep interest rates unchanged. This decision provided a positive boost to the market, particularly technology and electronics stocks, which recorded significant gains.
SoftBank Group shares rose 2.6%, while Sony Group surged 3.0%. The positive performance of these two major stocks bolstered the overall index's gains. The weakening yen also played a role, with USD/JPY trading at 153.89, up sharply from 153.04 at the previous Tokyo stock market close.
Investors are currently closely monitoring the policy measures that Prime Minister Sanae Takaichi will take to boost the Japanese economy. Hopes that these policies will bring positive changes have fueled market optimism. However, despite the optimism, investors remain wary of further developments that could impact the market going forward.
Overall, despite global economic uncertainty, the Japanese stock market showed strength, with the technology and electronics sectors continuing to lead. This increase provides a positive signal for investors who continue to seek opportunities in the broader market. (asd)
Source: Newsmaker.id
