Nikkei Up 0.6%, Led by Auto, Bank Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
0mins
Source: WSJ
Japanese Stock Market Performance: Japanese stocks are experiencing gains, particularly in the auto and banking sectors, driven by a weak yen which boosts domestic earnings. The Nikkei Stock Average is up 0.6% at 38441.18, with notable increases in companies like Suzuki Motor and Sumitomo Mitsui Financial Group.
Market Outlook and Earnings Focus: Despite recent gains, uncertainty regarding U.S. monetary policy may lead to rangebound trading. Key earnings reports from MS&AD Insurance Group, Tokio Marine, and Sompo Holdings are anticipated later today, influencing market sentiment.
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.
