XM does not provide services to residents of the United States of America.

Japan's Nikkei rises on bargain hunt, US debt ceiling bill



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Japan's Nikkei rises on bargain hunt, US debt ceiling bill</title></head><body>

TOKYO, June 1 (Reuters) -Japan's Nikkei share average changed course to trade higher on Thursday as investors scooped up stocks after losses in the previous session and also cheered U.S. lawmakers' vote to approve a bill in a move to avoid a crippling default.

The Nikkei index .N225 recouped early losses to climb 0.29% to 30,976,43 by the midday break. The index jumped close to 1% after the news that a divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling.

The broader Topix .TOPX was up 0.43% at 2,139.89.

"The market fell yesterday and that was due to the adjustment of portfolios at the end of the month. Today investors scooped up shares at a dent," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

"Also the passing of the debt ceiling bill gave a relief to investors."

In the previous session, the Nikkei index snapped a four-day winning streak and dropped most since April 5 on profit-booking.

Among individual stocks, technology investor SoftBank Group 9984.T jumped 4.93%. Air-conditioning maker Daikin Industries 6367.T rose 2.58% and chip-making equipment maker Tokyo Electron 8035.T gained 1.7%.

Toyota Motor 7203.T rose 1.7% after the automaker said it would invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles.

Japan Steel Works 5631.T rose 3.73% to become the top gainer in the Nikkei after SMBC Nikko Securities raised a target price for the machinery maker.

Of the Nikkei components, 116 stocks rose and 100 declined and nine were flat.





Reporting by Junko Fujita; Editing by Sherry Jacob-Phillips

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.