The Nikkei 225 Index rose 0.23% to close at 39,689 while the broader Topix Index added 0.3% to 2,727 on Friday, recouping some losses from the previous session and tracking a tech-led rally on Wall Street overnight as enthusiasm over artificial intelligence and expectations that major central banks will pivot to interest rate cuts this year continued to lift markets. US Federal Reserve Chair Jerome Powell said in his testimony to the US Senate on Thursday that the central bank is closer to dialing back restrictive policy as inflation moves sustainably lower. Domestically, investors digested data showing personal spending in Japan for January declined the most in nearly three years. Technology stocks led the charge, with gains from Tokyo Electron (0.8%), SoftBank Group (1.8%) and Disco Corp (1.6%). Still, the Nikkei 225 finished the week 0.56% lower as a wave of profit-taking hit the market after the index reached fresh all-time highs earlier in the week.
The main stock market index in Japan (JP225) increased 5600 points or 16.73% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. Historically, the Japan Stock Market Index (JP225) reached an all time high of 40476.00 in March of 2024. Japan Stock Market Index (JP225) - data, forecasts, historical chart - was last updated on March 9 of 2024.
The main stock market index in Japan (JP225) increased 5600 points or 16.73% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. The Japan Stock Market Index (JP225) is expected to trade at 39745.94 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 38658.83 in 12 months time.