Futures Rebound Strongly From Overnight Rout As Yields Stabilize
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Source: zerohedge.com
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Japan stocks gain on signs of boost to IT sector earnings
2 Min Read TOKYO, April 1 (Reuters) - Japanese stocks rose on Thursday, as investors snapped up shares of semiconductor-related companies on the first day of the new fiscal year on hopes for robust corporate earnings. The Nikkei 225 Index rose 1.17% to 29,520.65 by 0214 GMT, while the broader Topix rose 0.68% to 1,967.30. The technology sector led the advance after U.S. chipmaker Micron Technology Inc forecast third-quarter revenue above analysts’ forecasts. The mood for Japanese equities also brightened after the Bank of Japan’s tankan survey showed business sentiment has returned to whe...
Source: reuters.com
Japan shares rise as IT sector shines on bright semiconductor outlook
3 Min Read TOKYO, April 1 (Reuters) - Japanese stocks rose on Thursday, as investors snapped up shares of semiconductor-related companies on the first day of the new fiscal year on hopes for robust corporate earnings. The Nikkei 225 Index ended up 0.72% at 29,388.87, while the broader Topix rose 0.19% to 1,957.64. The technology sector led the advance after U.S. chipmaker Micron Technology Inc forecast third-quarter revenue above analysts’ forecasts. “What’s happening with Japanese tech shares is a reflection of what is happening in the United States,” said Takashi Hiroki, chief strat...
Source: reuters.com