Japan’s Nikkei index recovered on Monday from its lowest levels in a month recorded last week, supported by the yen’s decline from a four-month peak and Wall Street rising on increasing bets on the US economy reaching safety.<\/p>\n\n\n\n
The Nikkei index ended Monday’s trading up 1.5 percent at 32,791.80 points after a rising wave that saw 196 stocks rise out of a total of 225 on the index, compared to 25 declines and four stability.<\/p>\n\n\n\n
The broader Topix index also increased 1.47 percent.<\/p>\n\n\n\n
The Nikkei’s gains on Monday came after its worst weekly performance since mid-September, which included a 3.4 percent drop on Thursday and Friday amid a stronger yen. The rise in the yen reduces the value of exporters’ sales abroad.<\/p>\n\n\n\n
\u201cThe rise is very broad, (but) we can clearly see that a large part of it is a natural recovery after the sharp declines seen last week\u2026 This is probably the biggest factor,\u201d said Maki Sawada, a strategist at Nomura Securities.<\/p>\n\n\n\n
US stocks, especially shares of advanced technology companies, rose on Friday after the release of strong monthly jobs data that reinforced speculation that the economy would survive the recession.<\/p>\n\n\n\n
Tokyo Electron chip manufacturing equipment shares were the largest supporter of the Nikkei index, after it rose 76 points, or 3.44 percent.<\/p>\n\n\n\n
The yen fell to 145.615 yen to the dollar on Monday, compared to 141.60 late last week.<\/p>\n\n\n\n
Energy stocks were the best performers after the rise in crude oil prices, and the sub-index for stocks in this sector on the Tokyo Stock Exchange gained 3.22 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index recovered on Monday from its lowest levels in a month recorded last week, supported by the yen’s decline from a four-month peak and Wall Street rising on increasing bets on the US economy reaching safety. The Nikkei index ended Monday’s trading up 1.5 percent at 32,791.80 points after a rising wave that …<\/p>\n","protected":false},"author":9,"featured_media":52183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6837,6885,8501,8143],"class_list":["post-93849","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eurozone","tag-fed","tag-feds-beige-book","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=93849"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93849\/revisions"}],"predecessor-version":[{"id":93850,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93849\/revisions\/93850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52183"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}