Updated Oct. 23, 2023 8:19 pm ET
0016 GMT — Japanese stocks are higher, led by gains in electronics and tech stocks, as concerns ebb about costs of energy and borrowing for now. Advantest is up 2.7% and SoftBank Group is 2.2% higher. Meanwhile, Nidec Corp. falls 6.9% after 2Q net profit dropped 6.9% on year. USD/JPY is at 149.75, down from 149.93 as of Monday’s Tokyo stock market close, as U.S. Treasury yields dropped sharply overnight. Investors are focusing on corporate earnings as well as the war between Hamas and Israel. The Nikkei Stock Average is up 0.2% at 31068.30. ([email protected]; @kosakunarioka)
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