Japan's Nikkei stock index rose 0.9% to 49,443.48 in the latest trading session, following a positive rally on Wall Street overnight. The rise was fueled by lower-than-expected US inflation data, raising investor expectations that the Federal Reserve may cut interest rates next year.
Chris Beauchamp, an analyst at IG, said investors want to see data supporting the Fed's case for a rate cut. However, he also highlighted the risk that uncertainty about price trends could dampen market optimism about further rate cuts.
In the Japanese stock market, several leading companies posted significant gains. SoftBank Group jumped 3.5%, Takeda Pharmaceutical rose 3.3%, and Mazda Motor strengthened 3.35%. Meanwhile, the USD/JPY exchange rate was recorded at 155.66, slightly higher than 155.55 at the close Thursday night in New York. (az)
Source: Newsmaker.id
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