TOKYO, Oct 31 (News On Japan) –
The Nikkei Stock Average closed at a document excessive of 52,411 yen on October thirty first, up 1,085 yen from yesterday, marking the primary time in historical past it has ended above the 52,000-yen degree. This is the third consecutive day the index has reached a brand new all-time closing excessive.
Investor sentiment was buoyed by sturdy earnings reviews from U.S. expertise corporations corresponding to Apple, which drove shopping for throughout semiconductor-related shares and different high-tech sectors.
Adding to the momentum was the yen’s depreciation following feedback from the Bank of Japan governor yesterday, with the trade fee briefly falling to the 154-yen vary towards the dollar.
Market analysts famous that anticipation for upcoming company earnings bulletins and continued enthusiasm for high-tech shares had been fueling a cycle of aggressive shopping for. However, in addition they warned that the speedy tempo of positive factors was heightening issues of an overheated market.
Source: TBS