Nikkei climbs after Wall St gains, exporters helped by stronger dollar

lunes 16 de noviembre de 2015 22:26 GYT
 

* Attention back to views Fed will raise rate in Dec - traders

* Risk aversion fades after Wall Street gains

By Ayai Tomisawa

TOKYO, Nov 17 (Reuters) - Japan's Nikkei share average rebounded on Tuesday morning with all sectors in positive territory after U.S. stocks rose, while exporters outperformed after the dollar strengthened as the market refocused attention of an imminent U.S. rate hike.

The Nikkei rose 1.4 percent to 19,662.91 in midmorning trade, erasing all of the drops posted on Monday after Friday's deadly attacks in Paris sapped risk appetite.

Exporters gained ground after the dollar added about 0.1 percent to 123.24 yen, moving away from the previous session's one-week low of 122.23 as investors' risk aversion faded. Toyota Motor Corp rose 1.9 percent, Tokyo Electron soared 2.7 percent and Fanuc Corp surged 3.7 percent.

"Investors think that the attacks in Paris would have little impact on the global economy in the long-term," said Hikaru Sato, senior technical analyst at Daiwa Securities. "Depending on new developments, the market could get affected in the future, but right now, market consensus is that the attacks have a limited impact on the stock market."

French President Francois Hollande called on the United States and Russia on Monday to join a global coalition to destroy Islamic State following the attacks across Paris, and announced a wave of measures to combat terrorism in France.

Meanwhile, the market has focused on expectations that the U.S. Federal Reserve will raise its benchmark interest rate as early as December.   Continuación...