The S&P 500 and Dow Jones indexes closed higher by more than 1%, supported by the recovery of growth stocks, which are sensitive to high interest rate sentiment. Meanwhile, falling US Treasury yields helped tech stocks gain, with the Nasdaq going up more than 2%. The S&P 500 and Nasdaq rallied after declining in the last three days, amid a surge in inflation in the United States (US) as of March which reached 8.5%, triggering anxiety about a recession.

JCI closed higher by 48 points to 7,262 yesterday, responding positively to China’s exports in March 2022 which grew 14.7% YoY (Vs. Cons. 13% YoY). NHKSI Research also saw the strengthening of the JCI yesterday is in line with the market participants’ anticipation of high US inflation in March 2022. Meanwhile, five of the eleven sectors strengthened, with energy (+3.5%) and infrastructure (+2.1%) leading the gain. To close this week’s trading, we project that the JCI will move upward with a range of 7,200 to 7,355.

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