Japan's Nikkei smashes 40,000 barrier as Asia markets track Wall Street gains
Source: HolgerZ, Bloomberg
Hedge funds are loading up on japanese stocks with the Nikkei at all-time highs
Source: Win Smart, CFA
Berkshire Hathaway's Japanese Investment Are Starting To Pay Off
Source : chartr, yahoofinance
In case you missed it: Japan’s Jan CPI overshoots expectations, w/headline coming in at +2.2% (vs. +1.9% expected and vs. +2.6% in Dec) while core rises 3.5% (vs. Street +3.3% and vs. +3.7% in Dec).
While these numbers pèrove that inflation remains sticky, inflation continues to come down and hit a 22-month low! Source: Bloomberg
The Nikkei has just surpassed its highest level in 35 years.
Japan being the birthplace of one of the oldest forms of technical analysis (Heikin-Ashi candlesticks), will this new-high signal reignite domestic investors’ long lost interest in their market?
Nikkei Parties Like It's 1989
A lot of attention has been focused on the Nikkei 225 index, which topped its all-time high, surpassing 39,000 and breaking the previous record of 38,957 set on the final trading day of 1989. The 34 years it has taken to regain its footing is also a record for a major market, and it's a decade longer than Wall Street took to recoup its losses from the 1929 crash and the Great Depression. source : bloomberg, reuters
Japan's Nikkei has hit a historic high not seen since 1989, marking an epic come-back for the country's stock market.
The Nikkei 225 hit an all-time high of 38,924.88 as robust corporate earnings and steps aimed at boosting investor returns fuel a blistering rally in Japanese equities this year. Nikkei and Topix have been standout outperformers in Asia Pacific, up more than 10% in 2024 after surging more than 25% in 2023 — their respective best annual gain in at least a decade. Source: Bloomberg, CNBC
Nikkei 225 hit 38k level this week. Last time it happened was 1989...
See below the level of other indices at the time... Source. Bloomberg
