Radiocor News

Japan shares close higher on Middle East de-escalation hopes

(Il Sole 24 Ore Radiocor) - Milano, 14 apr - Japanese shares closed higher as optimism grew over a potential deal between the US and Iran.

Even though formal peace talks ended without an agreement over the weekend, Tehran reached out to Washington just hours after the US began a naval blockade. This move helped lower oil prices and ease concerns about inflation and interest rates.

On the economic data front, Japan's industrial output for February was revised to a 2.0% monthly decline, slightly better than the preliminary reading of a 2.1% drop, according to the Ministry of Economy, Trade and Industry. On an unadjusted annual basis, production saw a 0.4% increase, compared to the initial estimate of 0.3%. Shipments fell an adjusted 1.5% month on month, while inventories were confirmed at a 0.3% monthly increase.

Gains were led by tech and chip stocks, as the Nikkei 225.

closed up 2.43% at 57,877.39 points.

(RADIOCOR) 14-04-26 09:02:57 (0189) 5 NNNN

 


The Exchange accepts no responsability for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.


You will be redirected in five seconds.