Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.
Market Overview
Today's Nikkei Stock Average started at 34871.33 yen, 429.61 yen higher than the previous business day, and the Tokyo Stock Price Index (TOPIX) rose 27.58 points to 2472.06. After that, the increase in the Nikkei Average widened and exceeded 35,000 yen. This is the first time in 33 years and 11 months since 1990/2/23 that the 35,000 yen range has been added during trading hours.
Top news
Company stock buybacks, record high of 9.3 trillion yen in 23, due in part to rising stock prices
It became clear on the 10th that stock buybacks of listed companies in 2023 hit a record high on a monetary basis. According to SMBC Nikko Securities, the total share purchase amount resolved by companies constituting the Tokyo Stock Price Index (TOPIX) was 9.386 billion yen, which exceeded 9.222.1 billion yen in '22. Investors are fond of improvements in corporate capital efficiency and changes in attitudes towards shareholder returns, which seems to be one cause of rising stock prices.
Financial Services Agency develops councils to promote ESG investment trusts as a pillar of the new NISA
The Financial Services Agency is ESG (ring...