The Nikkei rebounded 1.13% to 22,512.08 points after dropping 1.2% on Thursday. But it has almost stagnated over the entire past week (+ 0.15%).
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The Tokyo Stock Exchange rebounded Friday in the wake of Wall Street the day before, while the Hong Kong Stock Exchange fell after the adoption by the US Senate of a text threatening Chinese officials with sanctions.
In Tokyo, the star index Nikkei rebounded Friday from 1.13% to 22,512.08 points, after dropping 1.2% the day before. But it has almost stagnated over the entire past week (+ 0.15%).
Wall Street ended Thursday on a similar rebound, thanks to a boost in banking values in particular, which benefited from a relaxation of the rules against financial speculation by regulatory bodies in the United States.
The relaxation of these rules “opens the prospect of a wider range of activities for banks, which are suffering from the environment of ultra-low interest rates due to the pandemic,” commented Nobuhiko Kuramochi, analyst at Mizuho Securities.
The markets also expect the US administration to further strengthen its measures to support the economy in the face of the country’s continuing pandemic, he added.
The mainland markets remained closed on Friday, as they did the previous day, due to two public holidays in a row.
The Hong Kong Stock Exchange, which closed only on Thursday, fell 0.93% to 24,549.99 points on Friday.
Beyond the renewed fears about the coronavirus, trade in Hong Kong was also weighed down by the adoption in the US Senate of a text providing for automatic sanctions against Chinese officials in the event of violation of international obligations of China in favor of the autonomy of the former British territory.
This bill must still pass the House of Representatives and then be promulgated by Donald Trump to enter into force.
On the side of values
EMBELLISHED IN VIEW FOR SOFTBANK GROUP
The giant of investments in new technologies SoftBank Group (+ 3.03% to 5,533 yen) announced Thursday predicting a huge exceptional gain of 750 billion yen (6.3 billion euros) before taxes on its first quarter results , linked to the recent merger of its American subsidiary Sprint with T-Mobile US.
He also reported on Thursday further progress in a huge program to buy back his own shares announced in March.
JAPANESE BANKS AT THE PARTY
Like their American counterparts the day before, the main Japanese banks benefited from the decision of regulators in the United States to relax certain rules against financial speculation. Mitsubishi UFJ Financial Group (MUFG) gained 1.31% to 432.3 yen, SMBC 1.68% to 3,073 yen and Mizuho 1.51% to 133.8 yen.
On the currency and oil side
The yen appreciated appreciably against the dollar around 08:45 GMT, at the rate of a dollar for 106.89 yen, against 107.19 yen Thursday at 21H00 GMT.
The Japanese currency also climbed against the euro, which was worth 120.04 yen against 120.24 yen the day before.
The European currency advanced against the greenback, at the rate of one euro for 1.1230 dollars against 1.1218 dollars on Thursday.
Oil prices were in the green, after having already rebounded the day before. Around 08:40 GMT the price of a barrel of American crude WTI gained 0.72% to 39 dollars, and that of a barrel of Brent of the North Sea advanced by 0.95% to 41.44 dollars.
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