2024-01-22 05:36:25
The Tokyo Stock Exchange, which has reached unprecedented highs in 34 years since the start of the year, started on a sharp rise on Monday, supported in particular by the optimism of Wall Street at the end of last week, driven by American technology stocks. The flagship Nikkei index gained 1.47% to 36,491.45 points following 01:00 GMT and the broader Topix index gained 0.93% to 2,533.30 points.
Since the beginning of January, the Tokyo market has happily exceeded the 34,000 point mark, then that of 35,000, and might thus end on Monday above 36,000 points to sign a new closing record since the beginning of 1990.bLinked to American and Japanese monetary policies still very divergent, the fall of the yen favors Japanese export values, and the Tokyo market is also boosted by a rush of foreign investors, looking for alternatives to China.
Sony-Zee merger project remains on hold
Sony’s verdict (+1.85%) was still awaited on its plan to merge its TV and streaming activities in India with Indian media giant Zee Entertainment, while a new deadline to finalize this agreement expired this weekend. end, following a one-month extension granted in December by Sony. In a stock market press release published Friday evening, Zee said it was requesting a new deadline extension “reasonable» to successfully complete the negotiations. However, Sony would be once morest it and its refusal would probably sign the death warrant of the project, according to the Indian daily The Economic Times citing sources close to the matter.
Asked Monday, Sony declined to comment. Relations between Sony and Zee have been strained since the announcement of their engagement at the end of 2021. The Japanese group in particular no longer wants Zee’s general manager, Punit Goenka, to take the helm of the new group, because he is accused of abuse of corporate assets and targeted by an investigation by the Indian financial policeman.
Read alsoIn India, Sony has abandoned the merger project with the media giant Zee
Oil down slightly
The dollar/yen rate was almost stable, one dollar was worth 148.07 yen around 01:00 GMT compared to 148.12 yen on Friday at 21:00 GMT. The euro was also almost unchanged once morest the Japanese currency, trading at 161.38 yen compared to 161.41 yen at the end of last week. One euro was trading for $1.0902, compared to $1.0898 on Friday at 9:00 p.m. GMT.
The oil market was slightly in the red, while the resumption of black gold production on a major deposit in Libya was announced on Sunday: around 00:50 GMT the price of a barrel of American WTI was sluggish (-0.03% to 73.39 dollars) and that of a barrel of Brent from the North Sea lost 0.31% to 78.32 dollars.
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