Tokyo Stock Market Makes a Comeback after Four Days of Decline
Tokyo, Japan – The Tokyo stock market experienced a resurgence on September 25th, with the Nikkei Index closing 276.21 points higher than last Friday at 32678.62 points, showing a remarkable increase of 0.85%. This increase came as a relief to investors, who had witnessed a cumulative decline of over 1,100 points in the four trading days leading up to last Friday.
The Topix Index (TOPIX) also experienced a positive trend, rising by 9.23 points to reach 2385.50 points, indicating an increase of 0.39%. The market saw an impressive trading volume of approximately 1.269 billion shares throughout the day.
The initial trading hours on the 25th witnessed a fall in the Nikkei Index, following the decline in the US Dow Jones Index the previous Friday. However, to the delight of investors, the market gradually rebounded, expanding its gains during midday trading with an increase of more than 300 points.
One notable trend observed was the favorability of electrical and pharmaceutical stocks, which had suffered significant losses in the previous week. This resurgence can be attributed to the Bank of Japan’s decision to maintain its large-scale monetary easing policy on September 22nd. This decision has weakened predictions of an early policy adjustment by the central bank, thus providing support to investor confidence.
The Tokyo stock market’s rebound on September 25th represents a significant turnaround after four days of decline. Investors are hopeful that this positive trend will continue, as oversold stocks regain their appeal. As global markets continue to face uncertainty, the Tokyo stock market’s performance will undoubtedly receive close attention in the coming days.