Japanese stocks temporarily rose 8%, expected to return from a sharp fall - buying export-related stocks at a time when the yen appreciated
Updated 2024/8/6 9:18 JST (some excerpts)
The Tokyo stock exchange rate rebounded on the 6th. Both the TSE stock price index (TOPIX) and the Nikkei Stock Average rose by over 8% at one point. Due to the reaction that plummeted the day before, the sense that the short-term market is bottoming out intensified, and purchases are in. The depreciation of the yen has progressed in the foreign exchange market, and a wide range of stocks, mainly export-related stocks such as automobiles and electronics, are being bought.
TOPIX is 2359.83 - 9:7 a.m., 6% higher than the previous day
The Nikkei Stock Average rose 6% to 33,330 yen 33 sen
The Tokyo stock exchange rate rebounded on the 6th. Both the TSE stock price index (TOPIX) and the Nikkei Stock Average rose by over 8% at one point. Due to the reaction that plummeted the day before, the sense that the short-term market is bottoming out intensified, and purchases are in. The depreciation of the yen has progressed in the foreign exchange market, and a wide range of stocks, mainly export-related stocks such as automobiles and electronics, are being bought.
TOPIX is 2359.83 - 9:7 a.m., 6% higher than the previous day
The Nikkei Stock Average rose 6% to 33,330 yen 33 sen
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