The Tokyo Stock Exchange’s benchmark index rose to its highest degree this yr on Tuesday. Semiconductor-related shares led the positive factors as investor confidence was boosted by the strong earnings forecasts of many corporations.
The Nikkei 225 completed the day at 29,842, up 0.7 % from Monday’s shut. It has risen for 4 straight buying and selling days.
The broader TOPIX rose to 2,127, reaching its highest since August 1990.
Foreign traders are driving the current rally. They have been actively choosing up shares of Japanese companies.
Their shopping for on the TSE’s top-tier Prime market outweighed their promoting by 2.4 trillion yen, or about 17.7 billion {dollars}, within the 6 weeks main as much as early May.
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Nikkei 225 hits yr’s excessive as Japan earnings impress
NHK – May 16
The Tokyo Stock Exchange’s benchmark index rose to its highest degree this yr on Tuesday. Semiconductor-related shares led the positive factors as investor confidence was boosted by the strong earnings forecasts of many corporations.
Japan’s merchandising machine tradition is forward of the curve
Nikkei – May 16
In at this time’s Japan, thousands and thousands of merchandising machines dispense a mountain of products and companies starting from inexperienced tea, umbrellas, canned truffles, bananas, omikuji fortunetelling slips, noodles, batteries, T-shirts and shampoo.
COVID downgrade tipped to spice up Japan financial system by 4.2 trillion yen
Japan Today – May 09
Japan’s downgrade on Monday of the authorized standing of COVID-19 will seemingly ship the Japanese financial system a 4.2 trillion yen enhance, pushed partly by a rise within the variety of inbound vacationers, in response to an estimate by a non-public sector economist.
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