Sunday , May 19 2024

Japan's Nikkei index reaches new high of 39,099 after 34 years

Mumbai: Global funds, which have invested heavily in China in the last few years, are now turning to Japan again as the government is forced to take drastic measures due to the economic crisis in China. Japan's Tokyo stock market's Nikkei 225 index rose today to its highest level since 1989 as shares were bought by Japanese companies on strong results and improvements in corporate governance.

Despite deflation and recession in Japan, the Tokyo stock market's Nikkei 225 index rose 2.2 percent or 836.52 points to close at a new high since 1989 at 39,098.68 as global funds began investing heavily in Japan.

Shares of computer chip maker Nvidia Corp rose sharply after yesterday's results. Shares of Tokyo Electron rose 6 percent, Advanset Corp rose 7.5 percent and SoftBank Group Corp rose 5.1 percent.

It is noteworthy that the prices of shares in Tokyo Stock Exchange have increased by 15 percent in the last three months and by 44 percent in the last one year.

On the other hand, amidst economic uncertainty and crisis in China, the Shanghai stock market has fallen by 11 percent in a year and the Hang Seng of Hong Kong stock market has fallen by 22 percent.

The point to be noted here is that after the Japanese stock market reached its all-time high in 1989, the financial bubble burst and banks were forced to deal with 100 trillion yen worth of bad loans. Now after 34 years, there has been a record rise in the Japanese stock market.

Global stock markets are on the rise

Country

index

surface

bounce

bounce

,

(22, February 2024)

,

(score)

(in percentage)

India

nifty 50

22217

162

0.74

India

Sensex

73158

535

0.74

Japan

nikki

225

39099

836 2.19

hong kong

hang Seng

16743

240

1.45

China

csi

3487

30

0.86

UK

*Futsi

100

7664

0.85 0.01

Germany

* dex

17363

249

1.46

France

*Cake

40

7894

82 1.04

America

*Nasdaq

17900

363

2.07

America

*dau

38857

180

0.48

*** Open market futures-evening

Shares of multinational companies rose

company's name

share price

how much increased

how much increased

,

(22 February 24)

(in rupees)

(in percentage)

ABB India

Rs 5431

Rs 442

8.86

Coracle phy.

Rs 7913

Rs 173

2.24

cummins india

Rs 2766

Rs 158

6.07

Siemens Limited

Rs 4551

Rs 109

2.45

emphasis

Rs 2699

50

1.90

Maruti Suzuki

Rs 11,676

Rs 206

1.79

Bosch Limited

Rs.28,500 _ _

Rs 397

1.54

United Spirits

Rs 1156

18

1.60

Ashok Leyland

Rs 173.1

2 rupees

1.02

Ambuja Cements

Rs 592

5

0.75

Britannia Industries

Rs 4957

Rs 34

0.69

Gillette India

Rs 6551

Rs 44

0.67

Schaeffler India

Rs 2888

18

0.61

Nestle India

Rs 2562

15

0.60

AstraZeneca Pharma

Rs 5496

Rs 33

0.60