2024-03-29 18:29:59
(MENAFN- Jordan News Agency)
Amman, March 29 (Petra) – Japanese indices rose at the end of the first quarter of 2024, supported by shares of heavyweight chip-related companies, recording the largest quarterly gains in 3 years.
At the end of the session, Japan’s Nikkei index rose 0.5 percent to 40,369 points. As for the total fiscal year ending today, Friday, the index rose by 12.3 thousand points, the largest increase during a fiscal year ever. While it rose 44 percent during the year, which is the largest rise since the fiscal year ending in March 2021, according to what was reported by the economic network (CNBC).
The Nikkei index recorded successive record highs this month following surpassing levels last seen in 1989 on February 22. This rise was supported by foreign purchases due to the decline of the yen and expectations of the Bank of Japan sticking to its monetary easing policy. While the broader Topix index rose 0.61 percent to 2,768.62 points.
–(Petra)
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29/03/2024 11:44:10
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