The Japanese Nikkei gains 0.22% | Capital market news

The Japanese Nikkei gains 0.22% | Capital market news

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Last update: October 4, 2024 | 4:31 p.m. STI

Asian stocks finished mixed on Friday as tensions in the Middle East persisted, and investors looked forward to the all-important U.S. jobs report later in the day, which could decide how things move forward. American interest rates.

The dollar hovered near a six-week high in Asian trading and gold traded at record highs while oil prices stabilized, after jumping 5% the day before when President American Joe Biden said the United States was discussing possible Israeli strikes on Iran’s oil industry.

Japanese markets rose slightly as Prime Minister Shigeru Ishiba, in a speech today, discussed his economic and fiscal policies.

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The Nikkei average edged up 0.22 percent to 38,635.62 as higher oil prices boosted energy-related stocks. The broader Topix index rose 0.39% to 2,694.07.

Seven & I Holdings rose 3.1% following reports that the retail giant had contacted potential buyers for its Ito-Yokado stores and supermarkets.

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First publication: October 4, 2024 | 4:22 p.m. STI

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