2023-05-29 01:11:03
Tokyo (awp/afp) – The Tokyo Stock Exchange was up sharply on Monday morning in the wake of Wall Street on Friday, while an agreement on the debt ceiling seemed imminent in the United States to help avoid a default of payment.
The flagship Nikkei index climbed 1.53% to 31,389.65 points after 01:00 GMT and the broader Topix index gained 1.02% to 2,167.64 points.
The New York Stock Exchange had finished sharply higher before the weekend despite a surprise acceleration of inflation in April in the United States, welcoming the prospect of a compromise between the White House and the Republican opposition on the US debt issue.
President Joe Biden announced on Sunday that a debt deal, intended to stave off a cataclysmic US default, was ready to go to Congress, urging lawmakers to pass it.
Shaped semiconductors
Shares of Japanese manufacturers of equipment for the semiconductor industry continued to rise sharply after rising on both sides of the Pacific late last week: Advantest jumped 5.77%, Sumco 2.58% and Tokyo 1.88% electron.
On the side of currencies and oil
The dollar rose against the yen, trading for 140.72 yen around 01:00 GMT against 140.60 yen on Friday at 21:00 GMT.
The euro also gained ground against the Japanese currency, at 150.90 yen against 150.77 yen at the end of last week.
The euro was also trading for 1.0720 dollars against 1.0723 dollars on Friday.
The oil market was in the green: around 01:00 GMT the barrel of American WTI gained 0.73% to 73.20 dollars and the barrel of Brent from the North Sea 0.6% to 77.41 dollars.
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