The Tokyo Stock Exchange is cautious this Tuesday, before the publication of the American inflation.
In Tokyo, caution was the order of the day after Monday’s rebound. The Nikkei index gained barely 0.25% to 28,614.63 points at the close, and the broader Topix index took 0.32% to 1,986.57 points. Gains were equally modest on the Hong Kong Stock Exchange: +0.2%.
According to the Fed, consumer inflation expectations fell in August, which supported the Tokyo market, said Masahiro Ichikawa, a strategist at Sumitomo Mitsui DS Asset Management, cited by Bloomberg.
“Technology stocks such as those related to the semiconductor industry have been valued and this has pulled the overall market up,” said Okasan Online Securities in a note. Investors were encouraged by the renewed weakness of the yen. The government’s intention to reopen the country to foreign tourists in October had a similar effect on tourism stocks.
For its part, Nintendo’s shares soared by 5.51% to 62,210 yen. The video game pioneer announced on Monday an excellent start in Japan of its new game “Splatoon 3“, of which 3.45 million units have been sold since last Friday in the archipelago.
The Western stock exchanges have themselves rebounded yesterday, in the wake of Tokyo. They are hoping for a further slowdown in the increase in consumer prices (CPI) in the United States, whose figure will be known later today.
The markets are hoping that the deceleration of U.S. inflation will be confirmed over time, which would allow the U.S. Federal Reserve (Fed) to ease its monetary policy again.
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Featured photo : © Tokyo stock market
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.