Japanese stocks rise, expectations of lower US interest rates and Japan's rising GDP - financial stocks are high
Updated 2024/8/15 11:08 JST (some excerpts)
The Tokyo stock exchange rate continued to rise for 4 business days on the 15th. The US Consumer Price Index (CPI) showed a slowdown in inflation and supported expectations of interest rate cuts, and Japan's real gross domestic product (GDP) also exceeded expectations. Financial stocks and energy stocks are expensive in the US market, and they are also being searched in the domestic market.
The TSE stock price index (TOPIX) is 1.1% higher than the previous day at 2609.13 - 11:6 a.m.
The Nikkei Average is 0.8% higher at 36,727 yen 63 sen
Lower interest rates in the US usually tend to hit banks, but bank stocks have been on a rebound since the beginning of the month and are in the top of the rate of increase. Sumitomo Mitsui Financial Group contributed the most to the rise in TOPIX.
The Tokyo stock exchange rate continued to rise for 4 business days on the 15th. The US Consumer Price Index (CPI) showed a slowdown in inflation and supported expectations of interest rate cuts, and Japan's real gross domestic product (GDP) also exceeded expectations. Financial stocks and energy stocks are expensive in the US market, and they are also being searched in the domestic market.
The TSE stock price index (TOPIX) is 1.1% higher than the previous day at 2609.13 - 11:6 a.m.
The Nikkei Average is 0.8% higher at 36,727 yen 63 sen
Lower interest rates in the US usually tend to hit banks, but bank stocks have been on a rebound since the beginning of the month and are in the top of the rate of increase. Sumitomo Mitsui Financial Group contributed the most to the rise in TOPIX.
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