Japan’s Nikkei share average closed at a more than one-month high on Monday (Nov 6), tracking a Wall Street rally in the previous session, with chip-related stocks leading the charge.
The Nikkei index jumped 2.37 per cent to 32,708.48, its highest closing level since Sept 20. The broader Topix rose 1.64 per cent to 2,360.46.
Wall Street’s main stock indexes rallied on Friday as bond yields fell sharply after data showed signs of slowing US jobs growth and an uptick in unemployment, boosting hopes that the Federal Reserve is done with its interest rate hiking campaign.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.
