Why Is the Nikkei 225 Surging Even as a Soaring Yen Threatens Japan Exporters?
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5 Articles
FinanzaOnline
Wall Street ItaliaThe Tokyo Stock Exchange closed in positive, with the Nikkei index increasing by 1.2% and the Topix by 0.02%, thanks to the easing of expectations of an imminent rise in rates by the Fed. However, export oriented companies suffered from the strong appreciation of the yen.
Why is the Nikkei 225 surging even as a soaring yen threatens Japan exporters?
Japan’s Nikkei 225 rebounded on Friday as easing fears of an imminent US rate increase helped technology shares recover, even as a sharp rally in the yen created a fresh headwind for exporters. The benchmark was up 0.86% at 64,769.74 by the midday break, snapping a four-session slide that had erased almost 2,200 points. SoftBank Group was the biggest driver, while MSCI’s Asia-Pacific index outside Japan rose 1%, China’s CSI 300 gained 1% and Sou…
Nikkei 225 Today: Japan’s Index Rebounds 1.07% To 64,902 After Four-Day Fall; Check Top Gainers, Losers, Fed Rate Outlook And Yen Movement
Japan’s Nikkei 225 recovered on Friday after four consecutive sessions of losses, with easing expectations of a September Fed rate hike supporting investor sentiment. Technology stocks led the gains, although the index remained on course for a weekly decline amid higher oil prices and rising global bond yields.
The Tokyo stock market rebounded on the morning of the 4th, with the Nikkei 225 average rising by over 600 yen at one point. The rise was driven by gains across major US stock indices the previous day, spilling over into the Tokyo market and leading to gains, particularly in technology stocks. Having fallen for four consecutive days prior, undervalued stocks attracted buyers…
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