Asian investors took fright Thursday at a forecast-busting reading on the US services sector that revived speculation the Federal Reserve could lift interest rates again, compounding a spike in oil prices that has fanned fresh inflation fears.
Stocks end 4-day advance on new Fed hike concerns manilastandard.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandard.net Daily Mail and Mail on Sunday newspapers.
TOKYO, June 29 (Reuters) - Japan s Nikkei share gauge
extended gains for a second session on Thursday as a weaker yen
boosted exporters, overshadowing profit-taking by some
investors. The Nikkei r.
The Nikkei share gauge in Japan extended gains for a second session due to a weaker yen, benefiting exporters. The Nikkei rose 0.12% to close at 33,234.14. Meanwhile, the broader Topix index slipped 0.1% to 2,296.25. Despite profit-taking by some investors, shares of Nissan Motor and Suzuki Motor surged as the yen s slide boosted the value of their overseas sales. SoftBank Group also climbed after its telecom unit announced plans to invest in developing artificial intelligence. The yen s depreciation has resulted in profits for businesses operating outside the country.