Japanese Shares Rise as Wall Street Leads

 

PT Rifan Financindo Berjangka - The Nikkei 225 jumped 1.6% to surpass 40,000 while the broader Topix index jumped 1.2% to 2,782 on Thursday, with Japanese shares hitting their highest in months and tracking a rally on Wall Street overnight after U.S. inflation data appeared to pave the way for a Federal Reserve interest rate cut.

The market is now pricing in a near 100% chance that the Fed will deliver another 25 basis point cut next week. Meanwhile, the outlook for Bank of Japan monetary policy remains highly uncertain, with markets divided over whether the central bank will raise rates again in December or January. All sectors were in the mix, with big gains coming from index heavyweights Fujikura (+5.1%), Disco (2.3%), Advantest (5.2%), SoftBank Group (2.9%) and Sony Group (2.9%). PT Rifan Financindo Berjangka.

Source: Trading Economics