Finance&Economics, stock

“Suppressed sentiment was released” Japanese stock market surged

[Money Today reporter Joo-dong Kim] Major Asian markets rose on the 5th.

On this day, the Nikkei 225 index in Japan recorded 28,8779.19, up 1.54% (437.24 points) from the previous day. The Topics (Tokyo Stock Stock Index) index rose 1.38% (25.83 points) to 1890.95, the highest in three years.

Bloomberg News reported that the expectations of an economic recovery due to improvement in US economic indicators and progress in vaccinations had an impact on the stock market. On this day, it showed an uptrend, mainly on economically sensitive stocks such as automobiles and finance.

The previous day (local time), the three major indexes of the New York Stock Market rose 1%, and the number of new unemployment benefits claims (779,000 cases) released last week was the lowest since last November, and manufacturing orders in December rose 1.1%. The good indicator was a good news.

Okasan Asset Management’s strategist Maeno Tatsushi told Bloomberg, “As the sentiment of those oppressed by Corona 19 is lifted, the (Japan) stock market is likely to rise next week,” said Bloomberg.

Mainland China’s Shanghai Composite Index fell 0.16% to 3496.33. On a weekly basis, it showed an uptrend. The Nippon Geizai Shimbun explained the stock market on the day that there was a sell-off to realize profits ahead of the Lunar New Year holiday, which begins next week.

Hong Kong’s Hang Seng Index rose 0.60% (175.18 points) to 28,288.68, and Taiwan’s Hang Seng Index rose 0.61% (96.18 points) to 10,802.40, closing this week.