[Kyodo News, November 1]The Tokyo stock market Nikkei Index continued to rise sharply on the 1st, closing 742.80 points higher than yesterday at 31,601.65 points, regaining the 31,000-point mark, rising to a two-week high, with an increase of 2.41%. Boosted by the rapid depreciation of the yen against the U.S. dollar in the foreign exchange market, export companies mainly focusing on automobiles are expected to improve their performance. The Nikkei gained the second most points this year.
The Topix Index (TOPIX) rose 56.96 points to 2310.68 points, an increase of 2.53%. Approximately 1.943 billion shares were traded throughout the day.
Stocks such as Toyota Motor that performed well in the mid-term financial report for fiscal year 2023 have been sought after. The Nikkei index expanded its gains near the close.
The revision of the large-scale monetary easing policy announced by the Bank of Japan yesterday was smaller than market expectations, excessive vigilance was alleviated, and the trend of stock buybacks continued. The Dow Jones Industrial Average closed higher overnight, which also supported investors’ psychology. (over)
2023-11-01 10:52:00
#Nikkei #Index #surged #regaining #31000point #mark
