financetom
Market
financetom
/
Market
/
Japan's Nikkei rises on Wall Street strength, weaker yen
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei rises on Wall Street strength, weaker yen
Nov 9, 2024 11:48 AM

TOKYO, Nov 7 (Reuters) - Japan's Nikkei share average

traded higher on Thursday, tracking Wall Street's strong finish

overnight, with sentiment lifted by a weaker yen.

The Nikkei was up 0.93% at 39,847.15 as of 0007 GMT,

while the broader Topix jumped 1.66% to 2,761.13.

U.S. stocks rallied sharply to close at record highs on

Wednesday after Republican Donald Trump won the 2024 U.S.

presidential election in a stunning comeback four years after

being voted out of the White House.

The U.S. dollar soared to a four-month high on Wednesday

after Trump's win. The dollar was last flat 1.X% at 154.6

.

A weaker yen tends to boost Japanese exporters' overseas

earnings when repatriated.

Chip-testing equipment maker Advantest ( ADTTF ) rose 1.14%

to give the biggest boost to the Nikkei.

Home interior goods maker and retailer Nitori Holdings ( NCLTF )

, which imports most of its materials from overseas,

fell 4.84% to weigh on the Nikkei the most.

Banking shares rose, with Sumitomo Mitsui Financial Group ( SMFG )

up 6.08% and Mitsubishi UFJ Financial Group ( MUFG )

rising 4.9%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exxon restarts purchases of Mars crude after brief pause over zinc issues, sources say
Exxon restarts purchases of Mars crude after brief pause over zinc issues, sources say
Jul 16, 2025
HOUSTON, July 16 (Reuters) - Oil major Exxon Mobil ( XOM ) bought Mars crude for August delivery, two sources said on Wednesday, after briefly halting purchases of the flagship offshore grade due to a zinc contamination issue. The zinc contamination in the Mars crude oil stream had pushed Exxon to borrow up to 1 million barrels of crude oil...
COLUMN-Trump boxes in Fed with extreme rate cut calls: McGeever
COLUMN-Trump boxes in Fed with extreme rate cut calls: McGeever
Jul 16, 2025
ORLANDO, Florida, July 16 (Reuters) - While almost no one thinks Donald Trump's verbal attacks on Federal Reserve Chair Jerome Powell are a positive development, they have electrified the debate about whether the U.S. president is right that interest rates are too high. Presidential tirades aside, there is a strong case to be made that the fed funds rate should...
EMERGING MARKETS-Latam FX up, dollar off lows after Trump denies plans to oust Fed's Powell
EMERGING MARKETS-Latam FX up, dollar off lows after Trump denies plans to oust Fed's Powell
Jul 16, 2025
* Brazil's Lula's approval rating rises after Trump's tariffs * Trump signs deal with Indonesia, agreeing to lower tariffs * Chile's markets closed for public holiday * MSCI Latam FX flat, stocks edge up 0.2% (Updates with afternoon trading levels) By Ragini Mathur, Purvi Agarwal and Shashwat Chauhan July 16 (Reuters) - Latin American currencies mostly gained on Wednesday as...
Nasdaq Extends Record Run as Trump Denies he Plans to Fire Fed's Powell
Nasdaq Extends Record Run as Trump Denies he Plans to Fire Fed's Powell
Jul 16, 2025
05:19 PM EDT, 07/16/2025 (MT Newswires) -- US equities finished higher Wednesday, propelling the Nasdaq Composite to a new high after President Donald Trump denied that he was planning to fire Federal Reserve Chair Jerome Powell soon. The Dow Jones Industrial Average rose 0.5% to 44,254.8, while the S&P 500 climbed 0.3% to 6,263.7. The Nasdaq advanced 0.3% to 20,730.5,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved