Japanese Stock Market Continues to Advance

0 421

The stock exchange in Japan has closed again with a profit on Tuesday. A decline in the Japanese yen supported the vote. The banks were also in demand after the rally among the American peers. The other major stock market indicators in the Far East showed a different picture.

 

The Nikkei index in Tokyo went up 0.7 percent higher on 22,196.89 points. It was the third win in a row. The banks Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group received 1.2 and 0.8 percent.

According to the Planet Engine, Tokyo Electron and Advantest, which sell many products abroad, benefited from the cheaper yen and rose 1.8 and 0.9 percent.

Nissan showed recovery and climbed nearly 4 percent. The share lost 4.6 percent the day after the news that the automaker has tampered with the emissions data. Internet company Yahoo Japan rose 11.4 percent.

The Japanese telecom concern SoftBank acquires a stake of more than 10 percent in Yahoo Japan from the American investor Altaba for about 2 billion dollars.

In Hong Kong, the Hang Seng index posted an interim gain of 0.1 percent and the Shanghai stock exchange lost 0.3 percent.

On a macroeconomic level, it turned out that the Chinese inflation in June reached 1.9 percent in line with expectations. The All Ordinaries in Sydney dropped 0.4 percent, and the Kospi in Seoul rose 0.4 percent.

Leave A Reply