Tokyo, August 13 – The key index of the Tokyo Stock Exchange, Nikkei 225, surged nearly 3.5% at the close of trading on Tuesday, as the Japanese market’s sentiment was buoyed by a rise in technology stocks during Monday’s trading (August 12) in the U.S. The news was reported by AFP.
Nikkei 225 climbed by 1207.51 points, representing a 3.45% increase, finishing the trading session at 36,232.51 points. The broader Tokyo Stock Exchange index, Topix, also saw a significant rise, gaining 70.25 points (2.83%) to end at 2,553.55 points.
The Nasdaq technology index in the U.S. recorded a 0.21% increase at the close of Monday’s trading, with one of the most significant gains among tech stocks coming from chipmaker Nvidia.
The main index of the Tokyo Stock Exchange had experienced a sharp drop of more than 12% on the previous Monday, responding to the situation on Wall Street. U.S. stocks had plummeted the prior Friday (August 2) after the U.S. reported significantly fewer new jobs in July than expected, heightening fears that the world’s largest economy might be heading towards a recession. Additionally, the rising value of the yen further impacted the Japanese market.
Despite the strong rebound, the Nikkei 225 experienced a volatile week, recording an overall decline of 2.5%. Moreover, the index has dropped approximately 17% from its peak in early July.
Tables: Key Performance Indicators of Japanese Stock Market
Nikkei 225 and Topix Indices
| Index | Closing Value (Aug 13, 2024) | Change (Points) | Change (%) |
|---|---|---|---|
| Nikkei 225 | 36,232.51 | +1207.51 | +3.45% |
| Topix | 2,553.55 | +70.25 | +2.83% |
Weekly Performance
| Indicator | Performance (%) | Notes |
|---|---|---|
| Nikkei 225 Weekly Change | -2.5% | Volatile week, sharp rebound |
| Peak to Current Drop (Since July) | -17% | Significant decline from peak |
