Nikki of Japan extends the winner the second day as a tech is created on the Fed Bates

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Nikki of Japan extends the winner the second day as a tech is created on the Fed Bates

The average of Japan’s Nikki stock on Monday increased for the second straight session, in which the domestic market under the leadership of tech shares responds to the optimism for the looser monetary policy in the United States.

Nikki 225 index rose 0.7% to 42,922.33. Added 0.3%to the comprehensive topics.

The manufacturer of the softbank group and chip-test equipment, Advantest, Nikki’s advanced, rising 2.9% and 1.7%, respectively, was the highest contributors.

In a closely viewed speech at the Federal Reserve’s annual Jackson Hall Symposium on Friday, Fed Chair Jerome Powell opened the door to reduce interest rates next month.

Going to the other direction, Japan Japan’s Governor Kazuo Yuda highlighted the wages, which feeds in the interest rate hike.

Disruption of Central Bank policy increased yen, controlling the possibility of income for Japanese exporters.

Nomura Strategist Fumica Shimizu said, “U.S. The possibility of reducing the rate in Wall L Street and works as a tailwind for tech stocks on Japan.

“As a result, stocks related to Japanese semiconductor are also showing strength and moving in the market,” Shimizu said. “There is a possibility that the recent slightly above trend in Yen weighs the market.”

There were 133 advancers on the Nikki index against 90 decliners.

Toto was the largest percentage on Nikki, while the luxury toilet maker said on Friday that he was moving away from production in Asia. The state will open $ 224 million in Georgia.

Motor maker Nidek was the next largest gainer, adding 6%.

Terumo, the largest loser on the index, was below 6.6%, saying it would cost Billion $ 1.5 billion to buy Britain -based organox.

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