Tokyo (awp / afp) – The Tokyo Stock Exchange started up on Wednesday, investors welcoming a further easing of health restrictions in Shanghai, while the fall of the yen against the dollar also supported Japanese export stocks.
After 12:50 a.m. GMT, the flagship Nikkei index gained 0.62% to 27,447.70 points and the broader Topix index gained 1.13% to 1,934.25 points, disregarding the decline on Wall Street the day before.
Shanghai took a further step on Tuesday towards lifting its confinement which has lasted two months, exasperating its 25 million inhabitants and weakening both the economic activity of China and that of its trading partners, such as Japan.
The rise in Chinese stock markets “supports the morale of investors” in Tokyo, noted Wednesday Okasan Online Securities in a note.
Market operators could however be tempted by a certain wait-and-see attitude before the publication of key indicators on US employment this week, added this Japanese financial services firm.
On the side of values
MERCARI IN THE COURT OF THE BIG: the Mercari title soared 8.73% to 2,315 yen after the Japanese platform specializing in the exchange of second-hand goods between individuals announced on Tuesday that it had obtained the green light from the operator of the Tokyo Stock Exchange to be listed on the first section of the market (“Prime” segment) from June 7.
This should give more visibility to the title of Mercari, one of the rare Japanese nuggets in new technologies with an international ambition.
On the side of oil and currencies
Oil rose on Wednesday morning in Asia, after a very volatile session the day before: around 00:50 GMT the price of a barrel of American WTI took 0.61% to 115.37 dollars and that of a barrel of Brent from the North Sea rose by 0 .74% to $116.45.
The yen continued to depreciate against the dollar, which was worth 128.90 yen around 01:00 GMT against 128.67 yen on Tuesday at 21:00 GMT.
The Japanese currency also lost ground against the European currency, at the rate of one euro for 138.28 yen against 138.11 yen the day before.
The euro was at 1.0726 dollars against 1.0734 dollars on Tuesday at 9:00 p.m. GMT.
etb-kh/cn