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Japan's Nikkei rises as market awaits US election outcome
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Japan's Nikkei rises as market awaits US election outcome
Nov 9, 2024 11:08 AM

TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average

tracked Wall Street higher on Wednesday as market participants

awaited indications of the outcome of a knife-edge U.S.

presidential election.

The Nikkei was up 0.7% at 38,745.72, as of 0007 GMT,

while the broader Topix had gained 0.37% to 2,674.11.

U.S. stocks closed sharply higher in a broad rally on

Tuesday after data signalled a solid economy, but investors

braced for volatile trading this week as voting was underway in

an extremely tight presidential election.

In Japan, technology stocks led the gains, with electronic

components maker TDK rising 1.7%. Chip-making equipment

maker Tokyo Electron ( TOELF ) gained 1.16% and technology

start-up investor SoftBank Group rose 0.7%.

Uniqlo-brand owner Fast Retailing ( FRCOF ) fell 0.31% to

weigh on the Nikkei the most.

(Reporting by Junko Fujita and Brigid Riley; Editing by

Subhranshu Sahu)

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