Tokyo (awp / afp) – The Tokyo Stock Exchange rose on Wednesday morning, supported by a strong rebound on Wall Street the day before, in particular American technology stocks, and statements deemed reassuring by the President of the American Federal Reserve (Fed) Jerome Powell .
The flagship Nikkei index gained 1.1% to 26,952.14 points after 01:00 GMT and the broader Topix index gained 1.04% to 1,886.19 points.
The New York Stock Exchange rebounded sharply on Tuesday, driven by technology stocks after seven weeks of losses for the Nasdaq index, which jumped 2.76%.
Fed Chairman Jerome Powell recalled on Tuesday that his institution will have to act “more aggressively” if US inflation does not decelerate quickly enough.
But he also showed concern for preserving American growth, which must remain positive without being too strong to be able to curb inflation.
On the side of values
RENESAS WILL REOPEN A SEMICONDUCTOR FACTORY: Japanese semiconductor manufacturer Renesas (+4.58% to 1,459 yen) announced on Tuesday that it would invest 90 billion yen (658 million euros) to restart the one of its factories in Japan that it had closed in 2014. This factory should reopen in 2024 to manufacture power semiconductors that reduce energy consumption and are intended in particular for electric vehicles.
On the side of oil and currencies
Oil was rebounding after its losses the day before: after 00:50 GMT the price of a barrel of American WTI gained 1.47% to 114.05 dollars and that of a barrel of Brent from the North Sea recovered 1.04% to 113 $.09.
The yen appreciated slightly against the dollar, at the rate of one dollar for 129.22 yen after 01:00 GMT against 129.38 yen on Tuesday at 21:00 GMT.
The Japanese currency also gained ground against the euro, which traded at 136.38 yen against 136.50 the day before.
The euro/dollar rate was almost stable, with one euro worth 1.0552 dollars against 1.0550 dollars on Tuesday at 9:00 p.m. GMT.
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