Japan's Nikkei rose on Thursday morning, tracking gains Wall Street made on expectations the U.S. Federal Reserve would start cutting interest rates after some indicators signalled a slowdown in the economy.
The Nikkei share average was up 0.3% to 21,699.93 at the midday break. With U.S. financial markets closed for a national holiday on Thursday, trading will likely be thin, analysts said.
Data on Wednesday showed the U.S. trade deficit jumped to a five-month high in May while there was a slowdown in services sector activity in June.
The broader Topix rose 0.5% to 1,587.68. Advancing issues outnumbered declining ones 1,496 to 539.
Source : Reuters