The Nikkei is approaching a new all time high, can the Japanese stock market soar?

Mondo Finance Updated on 2024-02-17

Japan** showed its strong momentum on the 16th, with the Nikkei trading at 0An increase of 86%** to 38,487At 24 points, this figure is only more than 400 points lower than the all-time high set in 1989. This increase equates to 329The rise of 30 points shows that the market is generally trending for the better. In this **, the part of the semiconductor sector ** played a crucial role.

Investors' optimistic expectations about the future performance of companies are the main driving factor, which has also led to the popularity of the company.

The Topix index also fell by 3288 points, reaching 262473 points, an increase of 127%。The total volume is 22041.7 billion shares, showing the high activity of the market.

Tokyo was buoyed by U.S. stocks overnight after the opening and climbed rapidly, at one point exceeding 700 points, close to the all-time high. However, semiconductors, while attracting strong buying during the morning session, partially started after a round of buying.

The rapid increase in stock prices overheated the market, and profit-taking orders poured in, causing the Nikkei to narrow its gains.

In the foreign exchange market, the depreciation trend of the yen against the US dollar is also positive, especially for the share price of the export sector. Due to the depreciation of the yen, Japanese products have become more competitive in the international market, which has helped to improve the profitability of exporters, thereby driving related products

The strong performance of Tokyo** in Japan was influenced by a number of factors, including optimistic market expectations for the economic outlook, improved corporate performance, boosts in external markets, and exchange rate movements. However, there are also risks associated with **, and investors should remain cautious and pay close attention to market dynamics and related risk factors. ##

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