Japanese Equities Rise, Mirroring US Tech Rally; Household Spending Boost Adds to Confidence
MT Newswires Live
Oct 07
Japanese equities surged on Tuesday as chipmakers tracked overnight gains on Wall Street after Advanced Micro Devices secured a landmark partnership with OpenAI.
The Nikkei 225 climbed 336.4 points to 47,944.76.
The rally was further supported by Japan's household spending, which rose for a fourth consecutive month in August, gaining 2.3% year-on-year amid higher outlays on transport and entertainment.
Investors also braced for a 30-year government bond auction after newly elected Japan leader's Sanae Takaichi's pro-stimulus victory in the ruling party leadership race boosted longer-term yields.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.