The FINANCIAL — At the beginning of the week, the market opened with a rebound thanks to gains in the U.S. markets last week and the declining price of crude oil. This pushed up leading banking and automotive stocks.
Then investors were discouraged by the application of the Civil Rehabilitation Law and disappointment in the overall global economic slowdown, spurring a selloff in real estate, metal, and machine stocks. reducing expansion.
However toward the end of the week, the U.S. GDP for the April to June period was revised upward and the U.S. markets experienced widespread gains. Investors were also encouraged by the July industrial production index and number of houses under construction, pushing the market to exceed expectations. Overall economic indicators for Japan and America showed improvement and lead to widespread gains, turning the market to end the week sharply bullish.
TOPIX rose by 38.29 points (3.15%) from the previous week to close at 1,254.71. Average daily trading volume fell by 162 million shares to 1.425 billion shares, and average daily trading value fell by 169.5 billion JPY to 1.5185 trillion JPY.
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