TOKYO, Aug 14 (News On Japan) –
The Nikkei Stock Average rose for the second consecutive day to succeed in a brand new file, surpassing 43,000 yen for the primary time on August 14th. The rally was fueled by expectations of a U.S. rate of interest lower as early as subsequent month and aid that the worst-case state of affairs from deliberate Trump tariffs had been averted.
However, some particular person traders stay cautious. One famous that with a 15% tariff nonetheless in place, its impression would proceed to be felt, whereas one other identified that market actions may shift shortly relying on Trump’s remarks.
Market observers additionally voiced concern that the rally is overly optimistic, provided that company earnings haven’t but proven tangible enchancment.
Takuro Hayashi, head of the Investment Information Center at Iwai Cosmo Securities, stated that with a 15% tariff in place, company earnings—that are at present a priority—might want to enhance, with no less than the prospect of upper earnings subsequent 12 months, for the market’s positive aspects to be sustained.
Source: TBS