Japanese stocks rose at the end of trading Friday, and the Nikkei jumped by about 2%, after the Dow Jones scored 500 points at the end of Thursday’s session, and with the release of economic data.
Inflation data in Japan revealed that it stopped declining for the first time in 12 months in August, along with core inflation, which excludes food but includes oil prices above the negative range for the first time since July 2020.
Separately, Japan’s manufacturing PMI registered 51.2 points in September, lower than August’s 52.7, and the lowest since January.
At the end of the session, the Nikkei rose by 2.1% to 30,249 points, and the broader Topix index increased by 2.3% to 2091 points.
The dollar rose against the Japanese currency by 0.2% to 110.53 yen, at 09:25 AM Mecca time.
The article, Al-Babania shares rise 2% with Wall Street gains, was written in Al Borsa newspaper.