The Japanese stock market followed the rise of the USA stock market. The Topix index rose by 0.8% to 2,723.48 points. The Nikkei 225 Index increased by 1% to 39,097.50 points. Toyota Motor rose by 2.2%, contributing the most to the rise of the Topix index. Of the 2,125 stocks in the index, 1,334 rose, 689 fell, and 102 remained unchanged. Shoji Hirakawa, Chief Global Strategist at Tokai Tokyo Intelligence Lab, stated that the USA's inflation data "increases the likelihood of another rate cut in March next year," and that "a rate cut will stimulate the USA economy, which will also benefit the Japanese stock market."
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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