Japanese stocks gain on US rate pause expectations
The Japanese Nikkei index rose by 0.59% to close at 68,713.80 points, marking a weekly gain of 4.7%. This came after weaker-than-expected US producer price data, which eased pressure for an American interest rate hike and boosted investors' risk appetite. Additionally, the broader Topix index increased by 0.51%, reaching a record level of 4,197.20 points. The biggest gains were seen in Nexon shares, which soared by 19.85%, while Trend Micro experienced the largest decline, dropping by 14.60%.
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