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Econo Asia™ > Blog > News > Markets > Tokyo Stock Exchange (TSE) > Japan’s Nikkei Stock Average Rebounds as Softer Yen Trumps Tech Losses (Update 1)
Tokyo Stock Exchange (TSE)

Japan’s Nikkei Stock Average Rebounds as Softer Yen Trumps Tech Losses (Update 1)

NEWSROOM
Last updated: August 27, 2024 6:12 pm
By NEWSROOM
1 Min Read
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Yomiuri Shimbun file photo
Tokyo Stock Exchange

Reuters

12:37 JST, August 27, 2024 (updated at 15:30 JST)

TOKYO (Reuters) – Japan’s Nikkei share average rebounded on Tuesday, as a pause in the yen’s push higher supported export-related shares, erasing early losses from a drop in technology shares.

The Nikkei closed up 0.5% at 38,288.62, while the broader Topix rose 0.7% to 2,680.8.

The benchmark Nikkei index spent much of the day in the red, tracking the S&P 500 .SPX and tech-heavy Nasdaq lower as global investors awaited quarterly report from AI heavyweight Nvidia due Wednesday.

However, sentiment improved as the yen’s…



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