Nikkei Average High for First Time in Over 30 Years, Risk Preference Due to Approval of US Bill Increase Over 700 Yen-Bloomberg



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The Tokyo stock market on the 29th continued to grow significantly. The closing price of the median Nikkei share price was the highest in more than 30 years since August 15, 1990. Following the enactment of an Additional Economic Measures Bill in the United States, a draft of law to increase personal benefits in the House of Representatives, and investors’ risk preference grew stronger in anticipation of the economic recovery, and a wide range of industries such as electrical machinery, information / communications and services were bought.

  • The closing price of TOPIX increased by 31.14 points (1.7%) from the previous day to 1819.18, the highest for the year.
  • Average Nikkei share price rose 714.12 yen (2.7%) to 27,568.15 yen

  • All major stock indices of US stocks are the highest – I like the Economic Measures Act
  • Trump Signs Economic Measures Bill and Spending Bill: Avoid Closing Government Agencies
  • United States House of Representatives,Bill passed to increase direct personal benefits to $ 2000 sent to Senate

Hiroshi Namioka, strategist at T & D Asset Management, noted that “although the enactment of the US Additional Economic Measures Act has already been taken into account, it has become a stimulus and investors are at considerable risk.” . “There are huge obstacles to passing the Senate to increase profits, but if we do, we will have to rewrite next year’s scenario so that the US economy is on the rise,” he said. At the moment, the sold materials are only on alert for high prices, and since the Nikkei average of 27,000 yen was surpassed, “in the long run, 30,000 yen will appear in sight.”

Japanese stocks also started to rise due to the global rise in share prices following the enactment of the US Additional Economic Measures Act, and immediately rallied to the 27,000 yen level. After that, it was stable and the rate of increase was over 700 yen. TOPIX was also put on 1800 units.

Reiko Takiyoshi, market strategist at Sumitomo Mitsui Trust Bank, also said: “Additional economic measures have been signed in the United States. It is quite strong.” “The Nikkei average of 27,000 yen has been exceeded, which I could not exceed for a long time, and I cannot find any material to sell at this time,” he said.

  • Air transport, services, land transport, pharmaceuticals, information / communications, construction, real estate, etc. increased in 33 TSE industries
  • Mining and rubber products fell
Increased width exceeds 700 yen
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