Tokyo (awp/afp) – The Tokyo Stock Exchange was moving in the green on Friday morning, supported by the wind of optimism that carried the markets the day before as the Central Banks showed their determination to fight against inflation while showing themselves flexible.
The flagship Nikkei index gained 1.03% to 26,763.41 points around 01:00 GMT and the broader Topix index rose 0.83% to 1,897.87 points.
“The Japanese market should remain strong” on Friday, according to Okasan Online Securities, noting that “although some of the rally in US equities has already been priced in the day before, the excessive pessimism in the markets has eased”.
Today’s Value
SOFTBANK GROUP: Rajeev Misra, one of the architects of the technology investment strategy of the Japanese giant SoftBank Group (+ 1.09% to 5,447 yen), is preparing to leave some of his functions within the group, report several media. According to these sources, Mr. Misra will keep a key role in the investment fund Vision Fund and his function as executive vice president of SoftBank Group, but will give way to the head of SoftBank Global Advisors, which oversees the investment fund. Vision Fund 2 of the Japanese giant, in order to launch its own investment fund.
On the side of oil and currencies
The oil market was down: after 12:50 a.m. GMT, a barrel of American WTI fell 0.16% to 102.57 dollars and a barrel of Brent from the North Sea also yielded 0.16% to 104.48 dollars.
In terms of currencies, the yen rose against the dollar, which was worth 135.84 yen around 01:00 GMT against 136.01 yen Thursday at 21:00 GMT.
The euro gained ground against the yen and traded for 138.38 yen against 138.18 yen the day before.
In addition, the European currency was trading for 1.0185 dollars against 1.0160 dollars on Thursday.
mac/rock