• 25/04/2024 03:40

Nikkei Index hits new record on Tokyo Stock Exchange

On Friday, March 22, the Nikkei index hit a record high for the second day in a row on the Tokyo Stock Exchange, partly due to a weakening yen. NHK reports this.

The Nikkei Index updated record on the Tokyo Stock Exchange

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The record update came after all three major indices in New York (USA) closed at record highs for two days in a row.

The Nikkei index ended trading at 72 points or 0.2% higher than the previous day, ending the week at 40,888 points. At one point, it rose by more than 270 points.

Investors bought shares of export-related companies amid the fall in the yen exchange rate against the dollar.

It is noted that the Nikkei index increased by during the last four trading days. The rally began on Monday, a day before Japan's central bank raised interest rates for the first time in 17 years.

Many investors believe the central bank will maintain monetary easing for now and expect a wide gap in interest rates between Japan and the USA will remain.


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