Japan’s broad Topix index of stocks hit a record high on Thursday, finally surpassing its highest level since December 1989.
Comments from an analyst at Swiss private bank Julius Baer, in its summary, point to further upside ahead, citing the following:
- Corporate Reforms
- Currency and Flows
- Salary increases
- Earnings Review
- geopolitics
- large market value
This data adds to the positive outlook for Japanese stocks.
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TOPIX continues to rise today.
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TOPIX is the Tokyo Stock Price Index.
- Covers all domestic companies listed on the First Section of the Tokyo Stock Exchange (TSE).
- It is designed to track the general trend of the Japanese stock market.
- Includes more than 2000 companies
- A weighted index of market capitalization adjusted for free float (only shares available for trading are taken into account in its calculations)
Topix daily candles