Tokyo (awp/afp) – The Tokyo Stock Exchange was on the rise Friday morning, in the wake of the Dow Jones the day before on Wall Street and a strengthening of the dollar against the yen while the prospect of a rapid rate cut s moves away to the United States.
The flagship Nikkei index of the Japanese market gained 0.34% to 39,042.70 points around 00:40 GMT. The broader Topix index rose at the same time by 0.35% to 2,697.32 points.
“Japanese markets should start rising today thanks to the progression of American stocks and the weakening of the yen” benefiting Japanese export stocks, commented Kosuke Oka in a note from Monex Securities.
The Japanese currency fell overnight from Thursday to Friday below the psychological bar of 150 yen to the dollar for the first time since the beginning of August, while operators are betting less and less on further monetary easing immediately in the States. -United.
The Japanese markets, which had fallen the day before amid fears about the growth dynamics of the semiconductor sector, after the Dutch ASML had lowered its outlook for 2025, were also reassured by the publication of the giant’s solid results. Taiwanese TSMC.
The Japanese Disco, a manufacturer of precision tools for the production of chips, gained 2.07% after its optimistic financial forecasts formulated the day before.
“The pessimistic view of the semiconductor market appears to have eased for now, but it is likely that the global trend of export restrictions on advanced semiconductors will continue,” said Takuma Ikemoto, an analyst at market at Tokai Tokyo Intelligence Lab.
Oil prices were rising on Friday morning in Asia, after experiencing a slight technical rebound the day before in a market preoccupied by demand deemed insufficient.
Around 00:25 GMT, a barrel of Brent from the North Sea for delivery in December gained 0.21% to $70.82. The American West Texas Intermediate (WTI) with maturity in November gained 0.15%, to $74.56.
On the foreign exchange market, the yen recovered a little after the sharp rise in the greenback, to 150.05 yen per dollar around 00:40 GMT, compared to 150.21 yen on Thursday at 9:00 p.m. GMT.
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