Japan's Nikkei stock index rose 1.2% to 41,563.29 on Friday morning, driven by gains in the electronics and automotive sectors. This rise occurred as investor concerns eased regarding the impact of US tariffs on Japanese corporate profits. Sony shares jumped 4.6%, while Subaru gained 3.2%. Market sentiment was also supported by SoftBank Group's first-quarter earnings report, which beat analysts' expectations, pushing its shares up 5.1%.
The USD/JPY exchange rate was stable at 147.06, not far from the previous close of 147.11. Investors are now focused on corporate earnings and political developments in Japan, which could potentially influence market direction in the near term.
Key Points:
- Nikkei rose 1.2% to 41,563.29
- Leading stocks: Sony (+4.6%), Subaru (+3.2%), SoftBank (+5.1%)
- Positive sentiment from corporate earnings and easing US tariff concerns
- USD/JPY stable at 147.06
Currently, investors are monitoring financial reports and domestic political issue
Source: Newsmaker.id
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