Nikkei Rises 0.7%, Tracking Gains Across Most U.S. Equity Markets

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The Nikkei Stock Average rises 0.7% to 47997.81 in early trade, tracking overnight gains across most U.S. equity markets.
Also, several reasons suggest a strong upside for Japanese stocks over a 6- to 12-month horizon, equity strategists at Citi Research say in a note.
One is that all of the multiple conceivable political scenarios for Japan's next government will probably involve expansionary economic policies, the strategists say.
Among the best performers on the benchmark index, Hankyu Hanshin Holdings rises 5.8%, Kioxia Holdings adds 5.4%, and Renesas Electronics is up 5.3%.
USD/JPY is at 150.88, compared with 151.06 late Wednesday in New York.

Sumber : Dow Jones Newswires

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