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Japanese topix flies 2% reaches:
The Topix index of the Japanese Stock Exchange climbed to a record level on Thursday. Furthermore, while the Nikkei index reached a new summit over a year, the actions pursuing their rally for the second consecutive session after the long -awaited conclusion of a trade agreement between Tokyo and Washington.
The Topix increased up to 2 %, reaching 2,984.25 points for the first time in its history. Therefore, The Nikkei also won up to 2 % to 42,004.92 points, thus crossing the psychological threshold of the 42,000 points for the first time since July last year.
The trade agreement. announced Tuesday evening by US President Donald Trump, lowered the reciprocal rate as well as specific auto rights to 15 %, compared to 25 % threatened before by Washington.
The TOPIX index of transport equipment increased by 1 %, thus extending the high japanese topix flies 2% reaches increase of almost 11 % recorded during the previous session.
The rubber index, which includes tire manufacturers, jumped 3.4 % after an increase of 2 % the day before.
Wednesday, the Topix had won 3.2 % and the Nikkei 3.5 %.
“Given the speed. favorable nature of the tariff agreement, we consider these developments as positive for Japanese actions,” said Dan Hurley, a portfolio specialist at T. Rowe Price. in comments sent by email, adding that he maintains a “constructive” vision of the market on a horizon of three to five years.
“This trade agreement with the United States reaffirms the relationship both strategically and economically. »»
Banks were distinguished, the topix sectoral index leaping 3.6 % after a rally of 4.4 % on Wednesday.
The lenders took advantage of the bets according to which the economic clarity brought by the tariff agreement would. allow the Bank of Japan to japanese topix flies 2% reaches resume interest rate increases later this year.
The Central Bank will meet for its monetary policy next Wednesday. Thursday, but investors are on October for a possible increase in rates, the probabilities being estimated at one in two chance.
Thursday, the return on Japanese state bonds at 10 years old was 1.6 %, equaling the level of Wednesday, a threshold which had not been observed since October 2008.
Japanese topix flies 2% reaches
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