Tokyo, May 14 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average continued rising to rewrite its record intraday high in early trading Thursday. The index of 225 selected issues listed on the Tokyo Stock Exchange’s top-tier Prime section started the day’s session with a marginal loss. But it soon swung to the plus side and climbed to as high as 63,667.66, up 395.55 points, or 0.63 pct, from Wednesday’s closing, exceeding its previous intraday high of 63,385.04 marked Monday. Investors rushed to buy artificial intelligence- and semiconductor-related issues, following the popularity of U.S. high-tech issues Wednesday. In interdealer bond trading in Tokyo early Thursday, the yield on the most recent issue of 10-year Japanese government bonds, considered to be the benchmark long-term interest rate in Japan, rose to hit 2.605 pct, the highest level in 29 years. END [Copyright The Jiji Press, Ltd.]
Nikkei Average Rewrites Record Intraday High
Related Posts
Forex Intervention Effects Not to Last Long: Ex-BOJ Gov. Kuroda
Tokyo, May 14 (Jiji Press)–Former Bank of Japan Governor Haruhiko Kuroda has indicated that the effects of foreign exchange market interventions will not last long. At an event held in Tokyo on Wednesday, Kuroda said that the BOJ’s recent yen-buying, dollar-selling interventions
LDP May Study Security Spending Hike to 3-5 Pct of GDP
Tokyo, May 14 (Jiji Press)–The Japanese ruling Liberal Democratic Party is poised to study a further hike in the country’s security-related spending by taking account of initiatives of other nations and regional alliances, including a plan by NATO to increase such outlays
