Japan’s Nikkei Stock Average experienced a notable 1.3% surge, last trading at a solid 30,990. The rise in the Japanese index is influenced by positive US stock index futures. These often act as a sign of increased risk appetite on global markets.
The US economic data will be of particular interest to traders as they keep an eye on the economy.
Fujitsu is one of the biggest stars on the JPN225, which rose impressively 12.0%. Nomura Research Institute closed the day with a gain of 5.5%, and SG Holdings, which also closed higher by 4.5%, was part of this uptrend.
But not all stocks were carried on the rising tide. Takeda Pharmaceutical was hit by headwinds. It recorded a 6.4% drop after reporting a loss for the second-quarter and revising the net-profit forecast for the fiscal year.
A breach above the upper boundary at 31,200 could signify a persistence of the current upward momentum and pave the way for further advances towards key… A break above the upper limit at 31,200 may indicate that the current upward trend will continue and lead to further gains towards…