2024-03-01 14:16:11
After breaking this week the record levels it recorded 35 years ago, or in 1989 specifically, the Japanese Nikkei index topped the list of the most profitable global indices with gains exceeding 19.7 percent from the beginning of the year until the end of February.
This performance was supported by the rise in Japanese stocks, which led a corrective path that was able to attract foreign investors migrating from the fluctuating Chinese market, especially in the technology sectors and companies working in the production of chips, as well as pharmaceutical companies, in addition to the basic support resulting from the weakness of the yen, which fell by regarding 6.6 percent once morest… Dollar, since the beginning of the year.
The Chinese Hang Seng Index was the biggest loser in Asian markets, with a decline of approximately 3.2 percent since the beginning of the year.
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The Egyptian market excels in the Arab world
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As for the Arab world, the Egyptian EGX 30 index was the biggest gainer in the Arab markets, benefiting mainly from the weakness of the pound, which prompted investors to hedge in the stock market, while the Qatar Stock Exchange and Abu Dhabi stock indexes were the only Arab losers since the beginning of the year, with a decline of 3.3 percent.
The main market index in Kuwait came in second place with gains of approximately 8.5 percent, followed by the Dubai Securities Market in third place for the biggest gainers, with an increase of 5.4 percent since the beginning of the year.
European markets: Amsterdam is in the lead
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In Europe, the Amsterdam Stock Exchange AEX index was unique in recording the highest gains since the beginning of the year, with an increase of approximately 7.7 percent.
It was followed by the Italian FTSE with an increase of 6.9 percent, then the German DAX with a gain of 5.4 percent, as European markets benefited from the optimism resulting from improved sentiment in the United States and inflation data that matched expectations and added some stability to investors, especially regarding easing monetary policy in the near future. .
Fourthly, the French CAC 40 index came with an increase of approximately 5.1 percent since the beginning of the year, followed by the European STOXX 600 with a gain of 3.6 percent, while the only European loser was the British FTSE 100 index with a decline of 1 percent.
American markets.. “Nasdaq” leads
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In terms of US market indices, the Nasdaq 100 index topped the list of winners, with gains exceeding 7.2 percent, above last November’s levels, followed by the S&P 500 index, with an increase of 6.07 percent since the beginning of the year, then the Dow Jones index, with gains of 2.8 percent.
The major indices in the United States witnessed a positive period during February in particular, with a positive boost to the performance of artificial intelligence companies and hopes for a reduction in interest rates.
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