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Japan Stocks Rise as Optimism Returns on U.S. Data, Fed Comments


Monday, 7 January 2019 09:52 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japanese stocks rose as comments from the Federal Reserve and strong jobs data from the U.S. fueled investor optimism on risk assets.

Topix rose 2.8% to 1,512.87 as of close of morning session in Tokyo and Nikkei 225 added 2.8% at 20,113.37. Meanwhile, Yen gained 0.2% to 108.33 per dollar after falling 0.8% on Friday.

Electronics makers and auto-related stocks provided the biggest lifts to the Topix index as all industry sub-groups advanced. Keyence surged 5.9%, Sony advanced 3.8%, Fanuc jumped 4.7%.

Autos: Toyota +3.3%, Honda +3.4%, Suzuki +6.7%.

Chemicals: Shin-Etsu Chemical +4.6%, Asahi Kasei +4.7%, Kao +1.6%.

Source: Bloomberg


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