.jpg)
Kontak Perkasa - AFP (10/10)
-- Tokyo stocks rose 0.81 percent Thursday morning as the yen weakened
and the White House moved to convene meetings with leading members of
Congress to end a budget stand-off.
The
benchmark Nikkei 225 index climbed 113.14 points to 14, 150.98 by the
break, while the Topix index of all first-section shares was up 0.75
percent, or 8.72 points, at 1,175.62.
President
Barack Obama on Wednesday invited Republican and Democratic lawmakers
to the White House to try to work through budget disagreements that have
resulted in the partial shutdown of the government.
The impasse threatens to cause a debt default if the two sides fail to raise the borrowing limit by and October 17 deadline.
On
currency markets, the dollar was supported by Obama's formal nomination
of fiscal dove Janet Yellen to become the next head of the Federal
Reserve.
The dollar rose to 97.62 yen from 97.37 yen in New York Wednesday.
A weaker yen tends to lift the Japanese stock market as it helps boost profitability among the country's major exporters.
Data
Thursday showed Japanese machinery orders -- a key indicator of
corporate capital spending -- rose 5.4 percent on-month in August,
beating expectations. Consumer confidence figures are due later
Thursday.
On
Wall Street the S&P 500 and Dow were slightly higher, but a
sell-off in tech stocks sent the Nasdaq lower, following a two percent
plunge on Tuesday.
|
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 11:09 AM
Post a Comment