Tokyo's benchmark stock index rose on Thursday for the third straight trading day. This came after remarks by US Federal Reserve Chair Jerome Powell that eased investor worries over an economic slowdown in the United States.
The Nikkei 225 ended the day at 31,949. That's up 348 points, or 1.1 percent, from Wednesday's close. Buy orders favored semiconductor-related shares.
Market sources say Powell's comments convinced investors that another Fed interest rate hike by year-end is unlikely.
The Nikkei Stock Average gained more than 1,200 points, or 4 percent, over the past 3 days.
The weaker yen prompted investors to buy export-related shares. Stocks of companies with strong earnings were also in the spotlight.
The Nikkei 225 ended the day at 31,949. That's up 348 points, or 1.1 percent, from Wednesday's close. Buy orders favored semiconductor-related shares.
Market sources say Powell's comments convinced investors that another Fed interest rate hike by year-end is unlikely.
The Nikkei Stock Average gained more than 1,200 points, or 4 percent, over the past 3 days.
The weaker yen prompted investors to buy export-related shares. Stocks of companies with strong earnings were also in the spotlight.
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Summary
Tokyo's Nikkei 225 index rose for the third consecutive day, reaching 31,949, a 1.1% increase from Wednesday's close. This bullish trend followed remarks by US Federal Reserve Chair Jerome Powell that alleviated investor concerns over a potential US economic slowdown. The comments suggested that
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ID: 6d57cf91-2875-42b1-9093-66869f542dcc
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231102_31/
Date: Nov. 2, 2023
Created: 2023/11/02 19:03
Updated: 2025/12/08 21:53
Last Read: 2023/11/02 19:06