Sat, November 26, 2022

Japanese Stocks Nikkei 225 and Topix on May 8

Stocks and risk factors

The coronavirus pandemic is the most serious challenge for the global economy. Private and governmental organizations are trying to minimize the damage caused by the coronavirus pandemic. It won’t be easy to get the economy back on track. Hopefully, the U.S. plans to spend a lot of money to boost the economy. Moreover, the U.S. is not alone as other countries also unveiled massive stimulus packages. Last week the Japanese stocks, led gains among the region’s main markets.

For example, the Nikkei 225 gained 2.56% to close at 20,179.09 as shares of index heavyweights Fast Retailing and Softbank Group each added more than 3%. Meanwhile, the Topix index also jumped 2.21% to end its trading day at 1,458.28.

Mainland Chinese stocks also strengthened their positions Friday. The Shanghai Composite added 0.83% to about 2,895.34. At the same time, the Shenzhen Composite rose 1.172% to around 1,809.17.

South Korea’s Kospi index gained 0.89% to close at 1,945.82. Moreover, the Kosdaq index jumped 2.11% to finish its trading day at 682.30.

Furthermore, Australia’s S&P/ASX 200 advanced 0.5% to close at 5,391.10.

Last week the Reserve Bank of Australia released its statement regarding the monetary policy. Based on the statement, the global gross domestic product (GDP) is expected to fall sharply in the first half of 2020.

Interested in trading Hang Seng Index or Nikkei 225? Read WiBestBroker’s comprehensive review on FXCM.

U.S. stocks and the state of the local economy

Stock markets and risk factorsThe world’s largest economy is struggling to deal with the coronavirus crisis. Importantly, it took only five weeks for the U.S. economy to erase all the job gains it added over the last 11 years. Hopefully, the Federal Reserve continues to support the economy.

Moreover, on May 7 the Dow Jones Industrial Average gained 211.25 points or 0.9% at 23,875.89. Moreover, the S&P 500 added 1.2% to close at 2,881.19. The Nasdaq Composite closed 1.4% higher at 8,979.66.

YOU MAY ALSO LIKE

oil

The G-7 May Impose a Price Cap on Russian Oil The Group

dollar

Investors’ concerns over the possibility of the Federal Reserve slowing the tightening

Regulators Eye Twitter and Broader Tech Layoffs

Twitter is under “investigation” by Ireland’s Data Protection Commission. The question is

COMMENTS

Leave a Comment

Your email address will not be published.

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

BROKER NEWS

Stock Report – stock exchange background – WibestBroker

Futu’s Net Profit Rises 23%, Despite Drop in Trading Vol

Futu, an online brokerage that provides Chinese investors with access to the Hong Kong and US stock markets, has released its unaudited third-quarter financial results. The company reports a 12.4% increase in revenue, reaching