Japan leads Asia markets higher; Nintendo rallies after Saudi fund reportedly looks to raise stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 06 2024
0mins
Should l Buy ?
Source: CNBC
Market Performance: Asia-Pacific markets saw gains, particularly Japan's Nikkei 225 which rose nearly 2%, driven by financial and consumer cyclical stocks, while Nintendo shares increased over 3.8% amid news of potential investment from Saudi Arabia's sovereign wealth fund.
Central Bank Decisions: Investors are anticipating interest rate decisions from three central banks this week, with expectations for rate cuts from the Bank of Korea and the Reserve Bank of New Zealand, while the Reserve Bank of India is expected to maintain its current rates.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
