Japanese stocks rose due to expectations of a US interest rate cut and higher GDP in Japan - financial stocks are high.

Update date and time: August 15, 2024 11:08 JST (partially extracted)
The Tokyo stock market continued to rise for the 4th trading day on the 15th. The slowdown in US Consumer Price Index (CPI) supported expectations of a rate cut, and Japan's real Gross Domestic Product (GDP) exceeded expectations. Financial and energy stocks rose in the US market, and they are also being sought after in the domestic market.
The Tokyo Stock Price Index (TOPIX) was 2609.13, up 1.1% from the previous day at 11:06 am.
The Nikkei average is 36,727.63, up 0.8%.
The usual decrease in interest rates in the USA tends to impact banks, but bank stocks have rebounded since the beginning of the month and have entered the top ranks of the increase. Sumitomo Mitsui Financial Group is contributing the most to the rise of TOPIX.