Nikkei Rises 0.6% Amid Fed Rate-Cut Prospects

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The Nikkei Stock Average rises 0.6% to 47131.16 amid Fed rate-cut prospects.
Fed Chair Powell signaled Tuesday that the U.S. central bank is on course to deliver another 25bps rate cut later this month, Commerzbank Research analysts say in a research report.
Among the best performers on Japan's benchmark index, Modec Inc. rises 6.1%, Sanrio adds 4.7%, and Aeon is up 4.7%. Meanwhile, Asahi Group Holdings falls 1.1% after it said Tuesday that it'll postpone its 3Q financial results due to the fallout from a cyberattack.
USD/JPY is at 151.81, compared with 151.83 late Tuesday in New York.

Sumber : Dow Jones Newswires

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