2023-10-11 01:10:13
The Tokyo Stock Exchange rose on Wednesday October 11 in the morning, supported like Wall Street the day before by the fall in bond yields in the United States following comments perceived as reassuring from several members of the American Federal Reserve (Fed). The flagship Nikkei index advanced 0.5% to 31,904.34 points around 00:40 GMT and the broader Topix index gained 0.09% to 2,314.19 points.
“A constant flow of messages “dovish” (in reference to the dove, symbol of a more accommodating monetary policy, Editor’s note) of the Fed is exactly what the market needs”commented Stephen Innes in a note from SPI Asset Management. “There is a growing sense that interest rates have peaked, but above all, investors are beginning to believe that the Fed has finally reached the end of its cycle.” rate hikes, he added.
Semiconductor sparkling
Certain Japanese stocks linked to semiconductors were progressing in the wake of increases the day before in the Nasdaq index on Wall Street and the semiconductor index of the Philadelphia Stock Exchange, which brings together the 30 largest listed companies in the sector in the UNITED STATES. Tokyo Electron gained 1.74%, Advantest 3.55% and Screen Holdings 1.33%.
Oil up slightly
After falling on Tuesday thanks to an easing of fears linked to a geopolitical escalation in the Middle East, oil prices were up slightly on Wednesday morning in Asia: at 00:35 GMT the barrel of American WTI gained 0.09 % to 86.05 dollars and a barrel of Brent from the North Sea increased by 0.16% to 87.79 dollars.
On the foreign exchange market, the dollar fell to 148.54 yen around 12:45 a.m. GMT, compared to 148.71 yen on Tuesday at 9:00 p.m. GMT. The European currency was trading for 157.64 yen once morest 157.71 yen the day before, and one euro was trading for 1.0612 dollars once morest 1.0605 dollars on Tuesday).
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