Nikkei closes the week higher

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The stock exchange in Japan closed with a profit on Friday. Investors settled on the higher closing positions on Wall Street, where the hope for a trade agreement between the United States and Mexico led to an optimistic mood. They also processed the European Central Bank’s (ECB) interest rate decision and looked forward to the US job report, which will be published later in the day.

The Nikkei in Tokyo went 0.5 percent higher the weekend at 20,884.71 points. The Japanese main index climbed 1.4 percent this week. Companies that are sensitive to the trade troubles were picked up after reports of a possible postponement of US import duties on goods from Mexico. The Japanese chip tester Advantest and chip machine maker Tokyo Electron suggested 5.1 and 2.8 percent. Other export companies such as technology group TDK and robot maker Fanuc rose 2.3 and 1 percent.

The fairs in Shanghai and Hong Kong were closed due to a national holiday. In South Korea, where investors returned after a day off, the Kospi fell 0.1 percent. The All Ordinaries in Sydney rose 0.8 percent.

About the author

Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

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