Japan’s Nikkei average rose to a two-week high on Wednesday, propelled by a rally on Wall Street and comments from Japan’s central bank governor indicating an easing bias.
Nikkei rose in the last half hour of the trading session to end the day, up 1.24 percent, to 32,896.03 points, the highest level it reached in the session.
The broader Topix index rose 1.19 percent to 2,278.97 points.
Dow Jones rise
The Dow Jones index rose last night by more than 1 percent, in the seventh consecutive session of gains, amid strong financial results for banks and optimism that the economy is on its way to safety.
Meanwhile, BoJ Governor Kazuo Ueda signaled his commitment to maintaining ultra-loose monetary policy for the time being, and said there was some room to achieve the bank’s 2 percent inflation target in a stable and sustainable way.
The Nikkei has recovered over the past week after a sharp decline from the 33-year closing high set on July 3 at 33,753.33 points. The index has increased 27 percent since mid-March to reach that point.
Today, the shares of 218 companies listed on the Nikkei rose out of 225, and the shares of seven companies declined.
Nissan Motor was the best performer, up 7.68 percent.
2023-07-19 08:21:00
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