TOKYO, Jul 22 (News On Japan) –
The Nikkei Stock Average opened at 39,864 yen on July twenty second, up 45 yen from the earlier session, marking the primary buying and selling day after the Upper House election. The index subsequently climbed greater than 400 yen at one level, recovering the psychologically important 40,000-yen degree.
Although the ruling coalition of the Liberal Democratic Party and Komeito suffered a serious setback by shedding their majority within the Upper House, the market reacted calmly. Analysts famous that the result had been largely anticipated primarily based on prior media protection, with investor sentiment viewing the outcome as “within expectations.”
In the international alternate market, the yen, which had been offered off earlier than the election, noticed renewed shopping for. The forex strengthened to the decrease 147-yen vary in opposition to the U.S. dollar at one level, reflecting a partial reversal of pre-election buying and selling positions.
Source: TBS