KONTAN.CO.ID - TOKYO. Japan's Nikkei ended at a 10-week high on Monday, taking a positive cue from Wall Street after the U.S. Federal Reserve Chairman Jerome Powell affirmed that the Fed was sticking with its strategy of gradual rate hikes to protect economic growth. The Nikkei share average ended 0.9 percent higher at 22,799.64, the highest closing level since June 15. Japanese stocks followed gains in U.S. shares, with all but the mining, shipping and airline sectors in positive territory. Exporters such as automakers and tech companies led the gains.
Nikkei ends at 10-week high after Powell comments
KONTAN.CO.ID - TOKYO. Japan's Nikkei ended at a 10-week high on Monday, taking a positive cue from Wall Street after the U.S. Federal Reserve Chairman Jerome Powell affirmed that the Fed was sticking with its strategy of gradual rate hikes to protect economic growth. The Nikkei share average ended 0.9 percent higher at 22,799.64, the highest closing level since June 15. Japanese stocks followed gains in U.S. shares, with all but the mining, shipping and airline sectors in positive territory. Exporters such as automakers and tech companies led the gains.