Tokyo, February 26 (EFE).- The main index of the Tokyo Stock Exchange, the Nikkei, continued to rise in the session this Monday and advanced 0.54% in the mid-session break, following renewing its maximum intraday level and heading towards a new record closing.
At the close of today’s half session, the Nikkei, which groups the 225 most representative securities in the market, rose 211.12 points, and stood at 39,309.80 integers.
The broader Topix selective, which includes the firms in the main section, those with the largest capitalization, added 0.84% or 22.37 points, reaching 2,683.08 units.
The Tokyo stock market opened higher following having been closed last Friday for a national holiday and following having established a new historical high in 34 years the previous day.
The Nikkei reached a new intraday high of 39,388.08 points during the first part of negotiations this Monday and with the advance in the break it was on its way to surpassing its record closing of 39,098.68 points, recorded on the 22nd.
Today’s rise in the Japanese market occurs following the Dow Jones surpassed the barrier of 39,000 units on Wall Street for the first time during the holiday closure in Tokyo, driven by optimism regarding the future performance of companies in that country. .
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Added to this was the current context of weakness of the yen, which has been boosting the Japanese export muscle, which benefits in the foreign market from a weak currency that enhances the competitiveness of its products compared to those of its competitors and inflates its remittances. overseas when repatriating them to the country.
These developments sparked risk appetite among investors in Tokyo and capital inflows continued into the local stock market’s heavyweights.
The inflow of capital continued to occur in large local values, such as the automobile company Toyota (the largest capitalization) and the textile group Fast Retailing, owner of the Uniqlo clothing store chain, which added up to more than 2% and around to 0.8% at half-time, respectively.
In a day of widespread losses among the most traded securities of the day, the financial sector was also swimming once morest the tide and the three main Japanese banks, Mitsubushi UFJ, Sumitomo Mitsui and Mizuho advanced around 2.2%, 2.1% and 1.6%, respectively.
By: EFE
The post The Nikkei continues its rise and reaches the break with a renewed all-time high appeared first on Minuto30.
2024-02-26 03:31:25
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