TOKYO, Jul 10 (News On Japan) –
The Nikkei Stock Average closed at 41,831 yen at present, marking a document excessive for the second consecutive day.
In at present’s Tokyo stock market, the Nikkei Stock Average completed buying and selling 251 yen increased than yesterday at 41,831 yen, setting a brand new all-time excessive for the second day in a row. Additionally, the Tokyo Stock Price Index (TOPIX), which displays the general worth motion of main listed corporations, additionally reached a document excessive of two,909.20 factors on the shut. Financial shares have been the first driver behind this surge.
Today, within the home bond market, long-term rates of interest briefly rose to 1.09%. The expectation that they’ll proceed to rise led to a surge in purchase orders for monetary shares, corresponding to banks and insurance coverage corporations, that are anticipated to see improved earnings.
Source: TBS