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The Japanese Topix reaches the maximum of more than three decades due to the depreciation of the yen

Date: May 25, 2024 Time: 17:05:44

The Tokyo Stock Exchange squeezes the tailwinds. The main index of the Japanese parquet, the Nikkei, has closed with a rise of 0.92% this Tuesday, while the selective one. Specifically, the Nikkei, which brings together the 225 most representative titles in the market, advanced 304.36 points, to 33,476.58 integers, while the Topix, which includes the firms in the main section, those with the largest capitalization, added 0.64% or 14.80 points, to stand at 2,337.36 units, its highest level since July 1990.

The Tokyo park opened higher, encouraged by the rise in Wall Street in previous hours, and increased the benefit throughout the session, spurred by an appreciation of the dollar against the yen that is beneficial for the Asian country’s exports, which see their prices inflated sales abroad in the face of this trend. Toyota, which posted a record April-June profit, its first fiscal, thanks to rising sales and a favorable currency.

2.49%. The electric power and gas sector posted the biggest gain of the day after US crude futures rose, along with shipping and transportation equipment.

The company specialized in integrated circuits Socionext brought together the highest volume of operations of the session and its shares shot up 13.31%. Other car manufacturers such as Mazda and Nissan also advanced this Tuesday, 1.84% and 3.65%, respectively. In the main section, 1,064 companies were up versus 710 down, while 61 closed unchanged. The trading volume amounted to 4.31 trillion yen (about 27,470 million euros).

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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