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Foreign Markets - Detailed News

Japan market edge high on rate-cut hopes
10-Aug-26   17:54 Hrs IST
Japanese equity markets closed sharply higher on Monday, with the Nikkei 225 rising 2.08% and the Topix index gaining 0.63%. This positive market sentiment followed gains on Wall Street, as weaker-than-expected US employment data lessened fears of a near-term interest rate hike by the US Federal Reserve.

Investors monitored geopolitical developments in the Middle East, with the US suggesting a potential agreement with Iran, although Iran denied direct negotiations. Domestically, Japan's current account surplus narrowed in June due to strong exports of AI-related products being offset by increased imports, especially crude oil. Technology and AI-linked stocks surged, with shares of Fujikura, Advantest, Tokyo Electron, Furukawa Electric, and Ibiden showing strong gains. Consumer-focused stocks also performed well, while financial stocks lagged and ended lower.

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