Nikkei gains 0.17% due to hopes of an economic rebound
The Tokyo Stock Exchange ended today with a 0.17% gain. Tokyo stocks kept a three-day gaining streak. The Nikkei, its main indicator, was encouraged by confidence in the economic rebound in Japan and other powers as the process of vaccination against covid.
The Nikkei closed with an increase of 46.78 points to 28,364.61 integers. At the same time, the broader Topix index, which groups together the securities with the highest capitalization, advanced by 8.35 points or 0,44%, up to 1913.04 integers.
Optimism prevailed during the first day of the week on the Tokyo Stock Exchange. It happened despite the losses Wall Street ended with on Friday for fear of rising prices in the United States and the possibility that the Federal Reserve starts the withdrawal of stimuli earlier than expected.
Tokyo is confident about economic recovery
Tokyo investors are confident about the recovery of the private sector in the United States and Europe. All businesses gradually reopen as the vaccination process advances, analysts said.
In addition, they opened two mass vaccination centers operated by the Self-Defense Forces in Tokyo and Osaka, the two main cities of the country. The country aims to accelerate a process of immunization of its population that is advancing more slowly than in other developed countries.
Softbank sank by 2.11%
Among the securities with the highest capitalization in Tokyo, the 2.11% decline of Softbank and the 1.23% increase of Toyota Motor, the country’s largest vehicle manufacturer, stand out.
The video game company Nintendo increased by 0.44%. Also, the textile multinational Fast Retailing, owner of the clothing store chain Uniqlo, extended by 0.28%.
In the first section, 1,394 stocks advanced compared to 715 that dropped and 85 that ended unchanged.
The trading volume amounted to 2.15 trillion yen.
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