The Nikkei 225 was up ¥2,167, at its level as of 2:50 p.m. The top contributors included Advantest, Tokyo Electron and SoftBank Group, while the largest negative contributors were Tokio Marine, Otsuka Holdings and Chugai Pharmaceutical. As attention turns to the release of US economic data, New York Fed President Williams is reported to be scheduled to participate in a panel discussion.
The Nikkei 225 is up ¥2,167, with Advantest, Tokyo Electron and SoftBank Group among the top contributors. Meanwhile, Tokio Marine Holdings, Otsuka Holdings and Chugai Pharmaceutical are the largest negative contributors. By sector, electrical equipment, nonferrous metals, precision instruments, information and communications, and glass and ceramics products are notably higher, while banking, oil and coal products, insurance, and electric power and gas are trending lower.
The Nikkei 225 is in a phase of extending its gains, while the US is due to release weekly initial jobless claims, the September ISM Manufacturing PMI and August construction spending tonight. In the early hours of tomorrow morning Japan time, New York Fed President Williams is scheduled to participate in a panel discussion.
Investors are focused on US economic data releases, as well as developments involving the US government and companies. Future market trends may be driven by these data and the comments made by the speakers.