The Nikkei Stock Average climbed to a 32-year high on Friday. The gains reflect rising investor confidence, lifted by robust earnings and improving forecasts at Japanese companies.
The index finished the day at 30,808. That's up 0.7 percent from Thursday, hitting its highest level since August 1990. It briefly rose 350 points.
The Nikkei 225 has been heading up for 7 straight trading days.
Many overseas investors are shifting money to Japanese shares amid concerns over slowing growth in the United States and Europe in the wake of interest-rate hikes.
Analysts say a weaker yen against the dollar is fueling the stock-buying by foreign investors in the Tokyo market.
Semiconductor-related shares were also strong. This came after global chipmakers announced plans to bring more of their operations to Japan.
The index finished the day at 30,808. That's up 0.7 percent from Thursday, hitting its highest level since August 1990. It briefly rose 350 points.
The Nikkei 225 has been heading up for 7 straight trading days.
Many overseas investors are shifting money to Japanese shares amid concerns over slowing growth in the United States and Europe in the wake of interest-rate hikes.
Analysts say a weaker yen against the dollar is fueling the stock-buying by foreign investors in the Tokyo market.
Semiconductor-related shares were also strong. This came after global chipmakers announced plans to bring more of their operations to Japan.
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Summary
Nikkei Stock Average reached a 32-year high on Friday, up 0.7% from Thursday at 30,808. This growth is attributed to rising investor confidence in Japanese companies' robust earnings and forecasts. The index has been rising for 7 consecutive trading days. Foreign investors are increasingly
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ID: f79abf92-32ad-4ee5-a3a7-8b94a9682932
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230519_31/
Date: May 19, 2023
Created: 2023/05/19 19:35
Updated: 2025/12/09 03:54
Last Read: 2023/05/20 07:29