Sunday, April 14, 2024
HomeAmericaTokyo Stocks Rise Amid Caution Ahead of U.S. Inflation Data

Tokyo Stocks Rise Amid Caution Ahead of U.S. Inflation Data

Tokyo stocks closed slightly higher Tuesday, as investors adopted a wait-and-see stance ahead of the release of U.S. inflation data later in the day.

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 110.82 points, or 0.34 percent, from Monday at 32,695.93.

The broader Topix index, meanwhile, finished 8.67 points, or 0.37 percent, higher at 2,345.29.

Gains were limited in the market, as activity was largely limited to investors making short-term trades, with other market participants sitting it out before the release of the U.S. consumer price index for October.

Among export-oriented automakers, Honda Motor climbed 36.0 yen, or 2.3 percent, to 1,599.5 yen, while Subaru was up 54.0 yen, or 2.0 percent, to 2,772.0 yen, as the yen’s weakness raised prospects of higher profits when overseas earnings are repatriated. 

source

RELATED ARTICLES

TRANSLATE

Most Popular