Japanese stocks rose due to the influence of the US stock market, with Toyota Motor contributing the most

According to Jinshi Data, Japanese stocks followed the US stock market higher. The Topix index rose 0.8% to 2723.48 points, and the Nikkei 225 index rose 1% to 39097.50 points. Toyota Motor rose 2.2%, contributing the most to the rise of the Topix index.

Of the 2,125 stocks in the Topix index, 1,334 rose, 689 fell and 102 were unchanged. Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Laboratory, said that U.S. inflation data increased the possibility of another interest rate cut in March next year, which would stimulate the U.S. economy, which would also be beneficial to the Japanese stock market.