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.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at nicholas.dekramer@economicinform.com
