Tokyo's main index climbs as tech stocks rise following Wall St rally
Chip-related stocks were the ones leading the charge for the Nikkei, fueled by gains seen in Wall Street last Friday. However, the slightly weaker Japanese trade balance report earlier is helping to temper gains seen on the day.
That said, risk sentiment remains positive as we're seeing Chinese stocks post solid gains as well. The Shanghai Composite is up by 1.6% on the day currently. It'll be a big week for equities which will be dominated by central bank proceedings with the Fed set to meet on Wednesday.
The FOMC meeting will be a key focus for equities/risk in the coming sessions so just be wary of that. In the mean time, the more optimistic tones to start the week is still helping the aussie and kiwi keep up with gains as we gear towards European trading.
