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Expanding while keeping an eye on the movements of the USA market.
The Nikkei average rebounded for the first time in three days, closing at 38,283.85 yen, up 257.68 yen (volume estimated at approximately 1.608 billion shares). Following NVIDIA's rebound in the previous day's US market, stocks in the semiconductor sector rose in the Tokyo market. In addition, buying aimed at autonomous rebound from the previous day's decline increased, pushing the Nikkei average up to 38,420.63 yen before the morning close. However, there is caution towards weekend position adjustments and assessing the situation in Russia and Ukraine.
Reported Earlier, Au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For November 50.2 Vs. 49.7 Prior
Reported Earlier, Japan National Core Consumer Price Index (YoY) For October 2.3% Vs. 2.2% Est.; 2.4% Prior
Amid expectations of interest rate hikes, japan's inflation in October remained higher than the central bank's target.
The Japanese government reported on Friday that consumer prices excluding fresh food rose by 2.3% year-on-year in October, lower than the 2.4% in September. This increase was higher than the market's general expectation of 2.2%. The index, excluding energy costs and fresh food prices, rose by 2.3%, higher than the 2.1% in September.
Express News | Nikkei 225 index rose by 0.32% at the opening of the Japanese stock market, with Canon and Ricoh Holdings both rising by over 1%.
Express News | In Japan, the year-on-year core CPI for October is 2.3%, expected to be 2.2%, and the previous value was 2.4%.