Japan's Nikkei index hits new high of 39,099 after 34 years

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Mumbai: Global funds that have invested heavily in China over the years are now turning to Japan again as the government is forced to take drastic measures with the economic crisis in China. The Nikkei 225 index of Japan's Tokyo stock market hit a 1989 high today as stocks bought on the back of strong results from Japanese companies and improvements in corporate governance.

Despite the situation of deflation and recession in Japan, the Nikkei 225 index of the Tokyo stock market rose 2.2 percent or 836.52 points to close at a new high of 39,098.68 after the year 1989, as global funds are now turning to invest heavily in Japan.

Shares of computer chip maker Nvidia Corp. rose sharply after yesterday's results. Shares of Tokyo Electron rose 6 percent, Advancet Corp 7.5 percent and SoftBank Group Corp 5.1 percent.

It is worth mentioning that, in the last three months, there has been a jump in the prices of stocks in the Tokyo stock market by 15 percent and in the last one year by 44 percent.

On the other hand, amid economic uncertainty and crisis in China, the Shanghai stock market has fallen by 11 percent in a year and the Hong Kong stock market's Hang Seng has fallen by 22 percent.

It is to be noted here that after reaching the highest record high in the Japanese stock market in 1989, the financial bubble burst and banks were forced to deal with bad debts of 100 lakh crore yen. Now, after 34 years, there has been a record boom in the Japanese stock market.

Global stock markets are bullish

the country

index

surface

bounce

bounce

-

( 22 , Feb. 2024)

-

(points)

(in percentage)

India

Nifty50

22217

162

0.74

India

Sensex

73158

535

0.74

Japan

Nikki

225

39099

836 2.19

Hong Kong

Hangseng

16743

240

1.45

China

CSI

3487

30

0.86

UK

*Futsi

100

7664

0.85 0.01

Germany

* Dex

17363

249

1.46

France

*Cake

40

7894

82 1.04

America

*Nasdaq

17900

363

2.07

America

*Dau

38857

180

0.48

*** Futures-evening on the open market

Stocks of multinational companies rose

Company Name

share price

How much increased

How much increased

-

( 22 Feb 24)

(in Rs.)

(in percent)

ABB India

Rs.5431

Rs.442

8.86

Coracle Fi.

Rs.7913

Rs.173

2.24

Cummins India

Rs.2766

Rs.158

6.07

Siemens Ltd.

Rs.4551

Rs.109

2.45

Emphasis

Rs.2699

Rs.50

1.90

Maruti Suzuki

Rs. 11 , 676

Rs.206

1.79

Bosch Ltd.

Rs.28,500 _

Rs.397

1.54

United Spirits

Rs.1156

Rs.18

1.60

Ashok Leyland

Rs.173.1

Rs.2

1.02

Ambuja Cements

Rs.592

Rs.5

0.75

Britannia Industries

Rs.4957

Rs.34

0.69

Gillette India

Rs.6551

Rs.44

0.67

Scheffler India

Rs.2888

Rs.18

0.61

Nestlé India

Rs.2562

Rs.15

0.60

AstraZeneca Pharma

Rs.5496

Rs.33

0.60

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