Nikkei climbs on value stock surge and weaker yen
Japan’s Nikkei share average closed on Tuesday at its highest level in more than two months, marking a significant rally to 39,173.15, a 0.95% increase. The broader Topix climbed 1.72% to 2,787.37.
This upswing reflects a shift in investor focus towards value stocks, moving away from semiconductor and other high-tech shares. The rally was further supported by a weaker yen, which bolstered export-related shares.
Read more to find out why the Nikkei is bullish.
Disclaimer:
Cautious forecast suggests keeping an eye on the yen’s trajectory and the Bank of Japan’s policies, which will play crucial roles in shaping market trends.
Publication date:
2024-06-25 14:33:21 (GMT)