TOKYO, Nov. 15 (Xinhua) — Japan’s benchmark Nikkei stock index closed sharply greater Wednesday on shopping for spurred by optimism as U.S. inflation knowledge fuelled hopes of an finish to rate of interest hikes.
The 225-issue Nikkei Stock Average ended up 823.77 factors, or 2.52 %, from Tuesday at 33,519.70.
The broader Topix index, in the meantime, completed 27.93 factors, or 1.19 %, greater at 2,373.22.
Market gamers mentioned shares surged, monitoring good points on Wall Street in a single day in response to softer-than-expected knowledge displaying U.S. client costs in October had been flat from the earlier month and rose 3.2 % over the prior yr.
The extremely anticipated U.S. inflation report confirmed total value will increase slowed final month, elevating the prospect that the Federal Reserve could chorus from additional rate of interest hikes, analysts mentioned.
On the top-tier Prime Market, gainers had been led by oil and coal merchandise, precision devices and electrical equipment points.
Chip-testing tools maker Advantest jumped 334 yen, or 7.5 %, to 4,797 yen, and Tokyo Electron superior 885 yen, or 3.8 %, to 24,115 yen.