Japanese shares traded higher
on Thursday as investors bought back beaten down growth stocks,
while automakers rose after Toyota Motor posted a record monthly
global sales. By 0155 GMT.
Japan s Nikkei share average
on Wednesday rose for a third straight session, as investors
scooped up technology stocks following their decline on concerns
around U.S. interest rates. The.
The benchmark U.S. 10-year yield scaled a 16-year high this week, as a run of strong U.S. economic data raised concerns that the U.S. Federal Reserve could lay the foundations for higher-for-longer rates at the Jackson Hole summit this week.
"The market was supported by stocks that reported strong results. The first-quarter corporate earnings season overall was very strong," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Japan s Nikkei share average
inched lower on Wednesday, led by auto stocks, as investors
locked in profits ahead of the Bank of Japan s two-day policy
meeting starting on Thursday. By.