Japanese stocks continue to soar in 2024: the Nikkei/Yen set a new year-end closing high with an annual increase of nearly 20%.
① In 2024, the Nikkei 225 Index closed at 39,894.54 points, marking the highest annual closing level in history, surpassing the record set in 1989; ② The Nikkei 225 Index rose by 6,430.37 points throughout the year, up nearly 20% year-on-year, continuing significant growth for two consecutive years; ③ Analysts expect that the outlook for Japan's corporate giants and investor confidence will bolster the performance of Japanese stocks next year.
As of the end of the year, a record high has been reached for the first time in 35 years.
The Nikkei average fell for the first time in four trading days. It ended the trade at 39,894.54 yen, down 386.62 yen (volume estimated at 1.6 billion 20 million shares). Reflecting the high plateau of U.S. interest rates, there was a leading Buy in the financial Sector, including Banks and Insurance. The Nikkei average started strong at 40,325.78 yen. However, amid the decline in U.S. stocks at the end of the previous week and limited market participants at the year-end, profit-taking Sell and adjustments of positions became predominant, resulting in a turn to the downside. After that, it continued to fluctuate around 0.04 million yen. It is noted that the annual figure stands at 1989.
Japan's Stock Market Poised for New Highs -- Market Talk
The Nikkei Average fell for the first time in four days, dropping below 40,000 yen due to a reaction against last weekend's buying.
Last weekend, the Dow Inc average in the USA closed down by 333.59 dollars at 42,992.21 dollars, while the Nasdaq fell by 298.33 points to 19,722.03 points in Trade. With the year-end and New Year holidays approaching, participation was limited, and China's Indicators were lackluster. Additionally, political instability in Germany and South Korea seemed to affect the sentiment of some investors, leading to a decline. In preparation for the new fiscal year's rebalancing, high-tech stocks were particularly sold off, further pushing down the overall market, which remained weak throughout the day. Towards the end, the decline was reduced.
Nikkei Falls 1.0%, Dragged by Auto, Tech Stocks -- Market Talk
Stocks that moved or were traded in the first half of the session.
*Makino Milling Machine <6135> 10,750 yen - Nidec Corporation Sponsored ADR continues to narrow the gap towards the TOB price. *Weathernews <4825> 3,775 +450 appreciates the expanded operating profit margin in the first half of the year. *Marumae <6264> 1,695 +178 welcomes the steady recovery in Q1 earnings. *Nomura Micro Science <6254> 2,279 +235 the flow of short covering appears to be getting stronger. *Fixstars <3687> 2,086 +189 electronic component.
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