Japan's Nikkei share average traded higher, tracking overnight gains on Wall Street, which were driven by solid bank results and a cooler-than-expected US inflation report. This boosted risk appetite, but the advance was checked by investor caution ahead of chip equipment maker ASML's earnings and ongoing tensions in the Middle East.
The US semiconductor index rose, benefiting Japanese chip-related shares, and financial stocks also saw gains. Conversely, some tech stocks fell following IBM's warning about second-quarter revenue.
A cooler US inflation report could potentially ease pressure on the US dollar, while rising Middle East tensions might increase safe-haven demand for gold, potentially influencing gold and currency rates in Pakistan.
بحوالہ / Source: www.brecorder.com