Tokyo Stock Exchange Rises for Third Consecutive Day, Hopes for The Future of The US Economy
On the 20th, the Tokyo Stock Exchange saw the Nikkei 225 Stock Average rise for the third consecutive day. The closing price was 37,723.91 yen, up 568.58 yen from the previous day. The Federal Reserve Board's decision to significantly cut interest rates has raised expectations for the future of the US economy.
The Tokyo Stock Price Index (TOPIX) rose 25.48 points to 2,642.35. Trading volume was about 2.353 billion shares.
On the previous day, the Dow Jones Industrial Average hit a new closing record high, and all major stock indexes rose. Speculation spread that the U.S. economy would make a soft landing to avoid a recession.
This trend also spread to the Tokyo market on the 20th, where a wide range of stocks, including semiconductors and export-related stocks, were bought from the morning, and the average stock price rose by more than 800 yen at one point. The Bank of Japan's decision to maintain the policy interest rate at its monetary policy meeting also supported the market.
Source : Bloomberg
