[Tokyo 3rd Reuters]- The Nikkei average rebounded to 27,898.37, up 399.50 from the previous business day in the Tokyo stock market on the morning of the 3rd. A wide range of stocks were bought as fears about the reacceleration of interest rate hikes in the United States eased and there was also an expectation of a recovery in the Chinese economy. The index surpassed its all-time high and climbed to a two-and-a-half-month high.
The Nikkei Stock Average gradually expanded the range of increase even after approaching high, and rose to 27,910.36 yen, an increase of 411 yen at one time. US Federal Reserve Board (FRB) officials’ dovish remarks have been transmitted, and concerns about the reacceleration of interest rate hikes have eased. Buying took place in a wide range of stocks.
Semiconductor-related and electronic parts are also solid in general. In the market, “wariness about the reacceleration of US interest rate hikes has eased, and there is also speculation that the next governor of the Bank of Japan will continue easing, so there is a sense of security in growth stocks.” group deputy chief) was heard.
Expectations for the recovery of the Chinese economy continued, and related stocks were firm, and retailers, which had strong same-store sales in February, were also looking for retailers.
TOPIX closed the morning at 2019.67 points, up 1.26%. The trading value of the Tokyo Stock Exchange prime market was 1,510,533 million yen. In the TSE 33 industries, all industries rose. Precision equipment, wholesale trade, and the chemical industry ranked high in price increases.
Yaskawa Electric and ABC-Mart performed well. HOYA was solid. On the other hand, Otsuka HLDG temporarily hit a new low since last year. Softbank Group is cheap.
In the Tokyo Stock Exchange prime market, 1,533 stocks (83%) rose, 247 stocks (13%) fell, and 55 stocks (3%) remained unchanged.
