Tokyo's Nikkei index rises in early trade
Friday, June 24, 2022       08:23 WIB

Tokyo, June 24, 2022 (AFP)
Tokyo's key Nikkei index was trading higher early Friday after Wall Street rallies, as investors weighed global inflation and recession risks.
The benchmark Nikkei 225 index was up 0.36 percent, or 94.03 points, at 26,265.28 about 20 minutes after the opening bell after floating between positive and negative territory.
The broader Topix index was down less than 0.0 percent, or 0.04 points, at 1,851.70.
The Japanese market "will lack a sense of direction" as "there is no change in the environment with worries lingering over inflation and US rate hikes," Okasan Online Securities said in a commentary.
Investors were awaiting a US consumer confidence data due later in the day for clues "to confirm whether inflation is peaking," it added.
The dollar fetched 135.08 yen in early Asian trade, against 134.94 yen in New York on Thursday.
In Tokyo, Nintendo was up 1.22 percent at 57,940 yen, seasonings firm Ajinomonoto was up 2.54 percent at 3,152 yen, and pharmaceutical company Shionogi was up 2.92 percent at 6,595 yen.
Sony Group was down 0.62 percent at 11,175 yen, Hitachi was down 2.92 percent at 6,247 yen, and Toyota was off 1.53 percent at 2,094 yen.
Japan's core consumer prices jumped 2.1 percent again in May, the second consecutive monthly jump of a level not seen in seven years, according to official data released before the market opened.
The rise was in line with market expectations and follows a 2.1 percent jump in April. Japan's central bank sees current inflation as temporary and is pursuing its easy monetary policy even as other banks hike rates to tame inflation.

Sumber : AFP

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