The Tokyo Stock Exchange's benchmark index rose to its highest level this year on Tuesday. Semiconductor-related shares led the gains as investor confidence was boosted by the robust earnings forecasts of many companies.
The Nikkei 225 finished the day at 29,842, up 0.7 percent from Monday's close. It has risen for 4 straight trading days.
The broader TOPIX rose to 2,127, reaching its highest since August 1990.
Foreign investors are driving the recent rally. They have been actively picking up shares of Japanese firms.
Their buying on the TSE's top-tier Prime market outweighed their selling by 2.4 trillion yen, or about 17.7 billion dollars, in the 6 weeks leading up to early May.
The gains are coming as worries about financial turmoil in the United States and Europe have eased somewhat.
The Nikkei 225 finished the day at 29,842, up 0.7 percent from Monday's close. It has risen for 4 straight trading days.
The broader TOPIX rose to 2,127, reaching its highest since August 1990.
Foreign investors are driving the recent rally. They have been actively picking up shares of Japanese firms.
Their buying on the TSE's top-tier Prime market outweighed their selling by 2.4 trillion yen, or about 17.7 billion dollars, in the 6 weeks leading up to early May.
The gains are coming as worries about financial turmoil in the United States and Europe have eased somewhat.
Similar Readings (5 items)
Tokyo's Nikkei 225 benchmark hits all-time high
Tokyo shares finish at highest in almost 34 years
Nikkei 225 hits another record high on Thursday
Nikkei 225 ends sharply higher on Thursday, one day after topping 30,000
Nikkei 225 recovers to 28,000 mark
Summary
Tokyo Stock Exchange's benchmark index, Nikkei 225, reached its highest this year on Tuesday, boosted by robust earnings forecasts of semiconductor-related companies. The index closed at 29,842, marking a 0.7% increase from the previous day. The broader TOPIX also hit a record high since August
Statistics
131
Words1
Read CountDetails
ID: df29a688-dcc2-4f0c-b520-d2fde68dc134
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230516_34/
Date: May 16, 2023
Created: 2023/05/17 07:18
Updated: 2025/12/09 04:00
Last Read: 2023/05/17 07:28