DJIA27154.20
LIVE-68.77(-0.25%)
NDX7834.90
LIVE-69.23(-0.88%)

Japan Stocks Rally as Investors See Positives of Split Congress


Thursday, 8 November 2018 13:42 WIB

Saham JepangIndeksTopixIndeks Nikkei


c_740_198_16777215_00_images_assets_NIKKEI225_ThinkstockPhotos-501912909.jpg

Japanese stocks rose as investors assessed the potential benefits of a split Congress on U.S. policy.

Telecommunications and pharmaceutical companies contributed the most to gains in the benchmark Topix index. The U.S. Republicans' loss of the House of Representatives signals a drop in conservative political influence and may force President Donald Trump to align with mainstream Senate Republicans, according to an equity research note by SMBC Nikko Securities.

U.S. stocks rallied on Wednesday as investors bet a split Congress dimmed chances Trump's signature tax cuts will be reversed while reducing the possibility of major fiscal initiatives that might have pushed up interest rates. Trump softened his typical antagonistic tone toward Democrat Nancy Pelosi.

Topix +1.7% to close at 1,681.25 in Tokyo, Index Nikkei 225 +1.8% at 22,486.92.

Source : Bloomberg


RELATED NEWS

  • Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve later this month. The Hang Seng Index added 1.07 p...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.