18 days ago • Posted by William Ramstein
Tokyo Stock Price Index hit 30 year record high!
TOPIX finished the week up 4.5% vs. the previous week’s close and reached a new 30-year high, beating the previous high marked in mid-March. Goldman Sachs said its impression is that global investors are increasingly interested in Japanese stocks amid signs of new COVID-19 cases peaking out and with two important elections approaching (LDP presidential election and the Lower House general election), and are also aware of strong seasonality in the market in the run-up to the end of the year. Gains were driven by global cyclical sectors such as steel, electric appliances, and machinery, as well as financials sectors such as securities and other financing business, and real estate. @TME