This is an AI translated post.
Nikkei average share price surges over 3,000 yen at one point… breaks record high for closing price gains (ANN)
- Writing language: Korean
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Base country: Japan
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- Economy
0000-00-00 00:00:00
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Summarized by durumis AI
- The Nikkei average share price on the Japanese stock market surged sharply on the 6th, setting a record high for closing price gains.
- The Nikkei average share price recorded its largest ever decline on the 5th due to concerns about a US economic slowdown and the yen’s appreciation, but on the 6th, it turned upward on the back of strong US economic indicators and speculative buying.
- However, market participants are concerned that the Nikkei’s volatile movement is likely to continue for some time.
Japan's Nikkei average stock price, which recorded its largest ever decline in five days, rose sharply on the 6th. The rise temporarily exceeded 3,000 yen, breaking the record for the largest ever increase in closing price. The Nikkei average stock price plummeted by a record 4,451 yen on the 5th due to concerns over a rapid slowdown in the U.S. economy and the yen's appreciation, falling more than 7,600 yen over the past three trading days. The New York Stock Exchange also fell sharply on the 5th, but the Nikkei average stock price rose from the start of trading on the 6th, temporarily rising more than 3,000 yen. This surpassed the record high of 2,676 yen in October 1990, based on the closing price. Market officials are analyzing that the U.S. economic indicators released on the 5th exceeded expectations and that buying sentiment has strengthened from speculative movements. On the other hand, concerns are also emerging that unstable movements will continue for the time being.
