Japan tech and export companies lead gains as US data looms

Japan stock market finished session slightly lower on Monday, 13 May 2024, with shares in technology and export related companies leading gains on tracking gains of US chip stocks and a weaker yen against greenback.

However, market gains capped on caution ahead to key US inflation data this week, with the producer price index and consumer price index due on Tuesday and Wednesday, respectively, that will likely play a role in shaping the Federal Reserve’s monetary policy outlook.

The 225-issue Nikkei Stock Average index advanced 176.60 points, or 0.46%, to finish at 38,356.06. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 6.87 points, 0.25%, to 2,730.95.

JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.

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