Japan’s Nikkei 225 index experienced a rise of 1.24%, closing at 38,405.66, driven by an upbeat performance in U.S. markets and investor optimism.
SEE: Nikkei sees modest rise on the VT Markets VT Markets app.
Despite this daily gain, the Nikkei recorded a 4.99% drop in April, marking its first monthly decline of the year and its steepest since December 2022.
In contrast, the broader Topix index appreciated, jumping 2.2% to reach 2,743.17. Key performers included Tokyo Electron, which saw a 2.6% increase in its shares. Similarly, Shin-Etsu Chemical enjoyed a substantial surge of 4.89%, while SoftBank Group’s shares rose by 1.71%.
As the market’s attention pivots to the U.S. Federal Reserve’s policy meeting, the performance of the Japanese yen is particularly noteworthy.
Following an unconfirmed intervention by Japanese authorities, the yen strengthened against the dollar, moving away from a 34-year low. The upcoming Fed meeting could potentially impact these gains, especially if the Fed’s stance is more hawkish than expected.
On the corporate front, KFC Holdings saw a 5.46% increase after reports emerged of Carlyle’s potential acquisition of the franchise operator.
Similarly, Sumitomo Corp experienced a 6.29% uplift after news that Elliott Management had acquired a significant stake in the company.
Today’s trading session saw positive movement across the board, with 187 of the 225 Nikkei components showing gains. This reflects a broader confidence in the market, albeit tempered by the anticipation of the Fed’s next moves.
Whether you’re tracking the effects of Federal Reserve meetings on global indices or keeping an eye on corporate developments in Japan, the VT Markets app provides the critical data you need at your fingertips.
Start trading today. Click here to open a live account.
Education
Company
FAQ
Promotion
Risk Warning: Trading CFDs carries a high level of risk and may not be suitable for all investors. Leverage in CFD trading can magnify gains and losses, potentially exceeding your original capital. It’s crucial to fully understand and acknowledge the associated risks before trading CFDs. Consider your financial situation, investment goals, and risk tolerance before making trading decisions. Past performance is not indicative of future results. Refer to our legal documents for a comprehensive understanding of CFD trading risks.
The information on this website is general and doesn’t account for your individual goals, financial situation, or needs. VT Markets cannot be held liable for the relevance, accuracy, timeliness, or completeness of any website information.
Our services and information on this website are not provided to residents of certain countries, including the United States, Singapore, Russia, and jurisdictions listed on the FATF and global sanctions lists. They are not intended for distribution or use in any location where such distribution or use would contravene local law or regulation.
VT Markets is a brand name with multiple entities authorised and registered in various jurisdictions.
· VT Global Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission (ASIC) under licence number 516246.
· VT Global is not an issuer or market maker of derivatives and is only allowed to provide services to wholesale clients.
· VT Markets (Pty) Ltd is an authorised Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50865.
· VT Markets Limited is an investment dealer authorised and regulated by the Mauritius Financial Services Commission (FSC) under license number GB23202269.
· VTMarkets Ltd, registered in the Republic of Cyprus with registration number HE436466 and registered address at Archbishop Makarios III, 160, Floor 1, 3026, Limassol, Cyprus.
Copyright © 2024 VT Markets.