Nikkei edges up as financials rise, momentum slows after extended surge

Japan’s Nikkei share average inched up on Thursday as financial shares extended their rise, although advances were limited as market momentum slowed after several days of big gains.

The Nikkei was up 0.23 percent at 23,728.33 and headed for its fifth gaining day.

The index has risen nearly 3 percent this week, climbing to an eight-month high on Wednesday in line with a bounce in global equities.

The market was lifted by Wall Street, with the Dow hitting its highest closing level since January overnight.

Banking, securities and insurance shares continued to lead gains in Japanese stocks with the recent spike in U.S. Treasury yields boosting their Wall Street financial sector peers.

Reuters

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

U.S. Stocks Open With Modest Gains; Dow Sees Triple-Digit Rise

U.S. stocks opened flat to slightly higher Wednesday, a day after a rally that left major indexes near all-time highs as investors looked past rising U.S.-China trade tensions to remain focused on strong economic fundamentals.

The S&P 500 rose 0.2% to 2,910.61, while the Dow Jones Industrial Average gained around 104 points to trade near 26,350, a gain of 0.4%. The Nasdaq Composite was up 0.2% at 7,970.27.

Source : Market Watch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Nikkei nears 8-month highs; insurers rally after U.S. yields rise

Japan’s Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after U.S. yields jumped.

The Nikkei share average jumped 1.6 percent to 23,804.65 in midmorning trade, the highest level since late January. If the Nikkei tops 24,129.34 hit on Jan. 23, it will be the highest point since November 1991.

The broader Topix also notched a new milestone, rising 1.6 percent to hit more than a three-month high of 1,787.36.

While foreign investors have been net sellers of Japanese stocks to the tune of 7.5 trillion yen so far this year, there are some bright spots, analysts said.

Reuters

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

1 2 3 438