Tokyo, December 12 (EFECOM). – The main index of the Tokyo Stock Exchange, the Nikkei, rose more than 1.5% at the opening this Friday, inspired by optimism on Wall Street, which recorded an intraday high the previous day of its main indicator, the Dow Jones, boosted by the renewed cut in interest rates in the United States.
After the first 35 minutes of trading, the Nikkei, which summarizes the 225 most representative securities on the market, rose by 792.68 points and stood at 50,941.5 points.
The broader Topix selection, which includes the companies in the main section with the largest capitalization, grew by 1.66% or 55.66 points and stands at 3,412.9 units.
The Dow Jones Industrial Average, the main index of the New York Stock Exchange, reached a new intraday record this Thursday, partly supported by the interest rate cut by the US Federal Reserve (Fed).
The S&P also hit a record, but the technology-heavy Nasdaq closed in the red, weighed down by poor results from Oracle that revived fears of an artificial intelligence (AI) bubble.
The Tokyo stock market reflected that trend, with gains in some of the country’s major companies but declines in the semiconductor sector, which is crucial to the development of AI technologies.
Semiconductor company Tokyo Electron fell more than 1.5%, while its rival Advantest fell 0.69%.
However, vehicle maker Toyota, the company with the largest local capitalization, rose more than 2.8%, while electronics and entertainment benchmark Sony gained nearly 1.5%.
Video game company Nintendo also grew 2%, and telecommunications and investment giant SoftBank rose more than 6.5%. EFECOM
About The Author
