The Nikkei Average temporarily recovered the ¥70,000 level. Expectations for an early rate hike receded after US employment data fell short of market expectations, and buying spread, led by semiconductor-related stocks. The index closed at ¥69,946, with its intraday gain approaching approximately ¥1,800.
The Nikkei Average temporarily recovered the ¥70,000 level in the Tokyo stock market.
The US employment data released the previous week fell short of market expectations, reportedly causing expectations for a rate hike to recede. Major US stock indexes rose in response, and buying spread in Japan as well.
The Nikkei Average closed ¥1,637 higher at ¥69,946, with its intraday gain at times approaching ¥1,800.
The report says that buy orders entered a broad range of issues, led by semiconductor-related stocks.