look news india
Today, on the first day of the week, the faces of those who invest money in the stock market have blossomed. Most of the markets of Asia are getting tremendous fast today, and Japan has become the hero of this whole story. At the same time, the increasing power of US dollar has also strengthened the sentiment of the market.
Hero of Story: Japan’s ‘Nikkei’
As soon as the market opened this morning, Japan’s main stock market index, Nikkei, took the speed of the rocket and showed trading with a great edge. There is a very simple reason behind this surge in the Japanese market – Japanese currency ‘Yen’ is constantly weak than dollars.
Now you will think that how can a country be happy when your currency is weak?
Actually, when the yen is weak, big Japanese companies like Toyota, Sony and Honda have tremendous benefits in selling their goods abroad. This increases their earnings, and when the companies’ earnings increase, their shares also run away. Just, this benefit today defeated the entire stock market of Japan.
Effect on other markets also
The impact of this fast of Japan was also clearly seen on other Asian markets. The MSCI index, which explained the condition of Asian markets outside Japan, was also trading with an edge. The markets from Australia to Hong Kong were in the green mark, which was a relief news for investors.
Dollar strength and investors’ eyesight
Another major reason behind this happiness of the market is the constant strength of the US dollar. At present, big investors from all over the world are waiting for the next step of the Central Bank of America, or the Federal Reserve. It is being seen whether the US will increase interest rates or will give any indication to reduce them. Till it is cleared, most investors are considering the dollar as the safest.
Overall, today has a smile to investors, whose Sehra is tied to Japan’s magnificent performance and the strength of the dollar.