Tokyo Stock Market Rebounds Sharply After 4 Trading Days
By [Journalist’s Name], Published on [Date]
In a notable turn of events, the Tokyo stock market showcased a resolute comeback on the 28th, as the Nikkei index rebounded significantly after enduring four consecutive days of decline. Closing at 33,193.99 points, the Nikkei surged by an impressive 655.66 points, registering a remarkable increase of 2.02%, marking it as the second-largest rise seen this year. This surge in stock prices can be attributed to the influx of oversold stocks flooding the buying market, leading to heightened trading activity.
Topix Index Also Witnesses Encouraging Gains
Accompanying the Nikkei’s surge, the Topix Index (TOPIX) also experienced a similar uptrend, gaining 44.79 points or 1.99%, closing at 2,298.60 points. The day witnessed an impressive trading volume of approximately 1.399 billion shares.
Over the course of the previous four trading days, the Nikkei index had incurred a loss of over 1,000 points. However, the market sentiment shifted with early trading indicating a dominant presence of various investors. Furthermore, the release of promising US economic data overnight further bolstered investor confidence.
The positive impact of a lower yen/dollar exchange rate in the foreign exchange market became evident, particularly benefiting large-cap stocks, including semiconductor companies. Driven by these factors, the entire market underwent an upward momentum, with stocks rising in unison.
Overall, the market’s rebound not only demonstrated its resilience but also ignited a renewed sense of optimism among investors.
[Asiantaeth Newyddion Kyodo, Mehefin 28]The Tokyo stock market showed a general rise on the 28th, and the Nikkei rebounded sharply after 4 trading days. At the end of the day, it rose 655.66 points from yesterday to close at 33193.99 points, an increase of 2.02%, the second largest increase this year. As the stock index fell for 4 consecutive trading days since yesterday, oversold stocks flooded into buying, and trading was active.
The Topix Index (TOPIX) rose 44.79 points, or 1.99%, to 2298.60 points. About 1.399 billion shares were traded throughout the day.
The Nikkei index has fallen more than 1,000 points in the four trading days since yesterday, and many parties have dominated since early trading. Firmer data relating to the US economy released overnight also boosted investor confidence.
The lower yen/dollar exchange rate in the foreign exchange market is also positive, and large cap stocks such as semiconductor companies are higher, pushing the whole market up. (over)
#Nikkei #bounces #biggest #gain #year
