Japan’s Nikkei hits 1-month high on Wall Street gains, weaker yen
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Japan’s Nikkei share average rose to 39,000 for the first time since late July; Nikkei reached 39,080.64 before profit-taking; Nikkei rose 0.2% to 38,709.88 by midday; Wall Street gains influenced by US economic data; US Federal Reserve expected to cut interest rates modestly in September; Dollar gained against yen, benefiting Japanese exporters; Fast Retailing up 0.5%, Toyota up 0.9%, Honda up 1.6%, Mazda up 0.8%; IHI Corp was the largest gainer at 4.5%; Concerns remain about potential hard landing for the economy; Investors focused on upcoming US labor data.
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https://www.brecorder.com/news/40320404/japans-nikkei-hits-1-month-high-on-wall-street-gains-weaker-yen
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