Japan's Nikkei jumps 3% on Wall Street strength, bargain-buying

TOKYO, Oct 4 (Reuters) - Japan's Nikkei jumped 3% on Tuesday to record its best session in more than six months, as investors scooped up beaten-down heavyweights and growth stocks after Wall Street closed sharply higher overnight.

The Nikkei share average .N225 advanced 2.96% to 26,992.21 in broad-based buying, marking its biggest daily gain since March 23, and posting its highest close since Sept. 22.

The broader Topix .TOPX jumped 3.21% to 1,906.89 in its sharpest daily gain since March 10.

Wall Street's three major indexes rallied more than 2% on Monday, as Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks.

"Investors scooped up shares that were beaten down, especially heavyweights and growth stocks," said Maki Sawada, a strategist at Nomura Securities. "The market was also underpinned by the strong finish of Wall Street."

Market participants shrugged off news that nuclear-armed North Korea fired a ballistic missile over Japan for the first time in five years earlier in the day.

Uniqlo clothing shop owner Fast Retailing 9983.T rose 2.02% and was the biggest boost for the Nikkei, followed by technology investor SoftBank Group 9984.T , jumping 5.1%, and chip-making equipment maker Tokyo Electron 8035.T , which rose 2.68%.

The wholesales sector .IWHOL.T , which includes trading houses, was the top performer among the Tokyo Stock Exchange's 33 industry sub-indexes, jumping 5.53% as Itochu 3493.T raised its profit forecast and announced a share buyback.

Itochu surged 8.34%, while Mitsubishi Corp 8058.T gained 4.83% and Mitsui & Co 8031.T climbed 5.39%.

Energy shares also advanced, as oil prices rose after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, said it would consider reducing output.

Explorers .IMING jumped 4.96% and refiners .IPETE.T rose 4.13%. Inpex 1605.T and Japan Petroleum Exploration Co 1662.T climbed 5.36% and 3.37%, respectively.

Shipping firm Kawasaki Kisen 9107.T was the only decliner on the Nikkei, falling 1%.
Reporting by Junko Fujita; Editing by Subhranshu Sahu

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。