Japan’s Nikkei rebounds from 5-day losing streak, US economy worries weigh
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Japan’s Nikkei share average rose 0.08% to 36,244.22 points on September 10, 2024, after a five-day losing streak; the broader Topix increased by 0.34% to 2,588.52; technology stocks led gains, with Tokyo Electron up 2.88%; SoftBank Group rose 0.95%; Advantest climbed 0.39%; uncertainties about the U.S. economy limited market optimism, according to Fumio Matsumoto of Okasan Securities; Daiichi Sankyo fell 8.56% after disappointing trial results for a lung cancer drug; Joban Kosan surged 8% following a public tender offer from Fortress Investment Group valued at approximately 14 billion yen ($98 million).
#Nikkei #Japan #StockMarket #UsEconomy #TechnologyStocks #DaiichiSankyo #JobanKosan #FortressInvestmentGroup #FumioMatsumoto #EconomicOutlook
https://www.brecorder.com/news/40321734/japans-nikkei-rebounds-from-5-day-losing-streak-us-economy-worries-weigh
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