[Japan Market Conditions] Nikkei Average Greatest Rise, US Economic Unease Fades, Risk Avoidance Rewinds
Corrected 2024/8/6 16:34 JST (some excerpts)
Stocks rebounded drastically in the Japanese market on the 6th. The Nikkei Stock Average completely reversed from the day before it recorded the biggest decline ever, and the increase became the biggest. Excessive vigilance against the US economy eased, and since the appreciation of the yen came to an end, buying swelled. Bonds were sold in large quantities.
In the July ISM non-manufacturing index announced in the US on the 5th, the employment index exceeded 50 for the first time in 6 months. Global stock sales led to risk aversion due to concerns about economic deterioration in response to US employment statistics announced on the 2nd, so it looks like excessive anxiety has receded once improvements in the labor market have been confirmed.
Stocks rebounded drastically in the Japanese market on the 6th. The Nikkei Stock Average completely reversed from the day before it recorded the biggest decline ever, and the increase became the biggest. Excessive vigilance against the US economy eased, and since the appreciation of the yen came to an end, buying swelled. Bonds were sold in large quantities.
In the July ISM non-manufacturing index announced in the US on the 5th, the employment index exceeded 50 for the first time in 6 months. Global stock sales led to risk aversion due to concerns about economic deterioration in response to US employment statistics announced on the 2nd, so it looks like excessive anxiety has receded once improvements in the labor market have been confirmed.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
