Nikkei 225 closed above 17,000 points

Noam Stiekema

The leading stock markets in Asia reported mixed results on Tuesday after another record on Wall Street a day earlier. The main market focus was directed to Japan, where trade was the most successful in the region. On Monday, the indices of the stock exchange in New York ended with increases, as S&P 500 and […]

Nikkei 225

Nikkei 225The leading stock markets in Asia reported mixed results on Tuesday after another record on Wall Street a day earlier. The main market focus was directed to Japan, where trade was the most successful in the region. On Monday, the indices of the stock exchange in New York ended with increases, as S&P 500 and Dow Jones closed at new highs amid positive reporting season.

The Japanese benchmark Nikkei 225 closed above 17,000 points for the first time in seven years, a day after closing at a one-week low. The mood was upbeat after the Bank of Japan has put 38 billion JPY in local exchange traded fund after market close on Monday. Incentives were part of a comprehensive program to boost the institution. The data showed that the current account balance in September increased by 61.9% from a year earlier, marking the third consecutive month of surplus. The capitalization of Sumitomo Metal Mining rose 5.0% after the company raised its profit forecast for the year.

Chinese shares reporting increases in the majority of the session, reaching a new peak of three to close but eventually the red. Earlier gains were supported by the rise in financial shares. Founder Securities added 7%, while Agricultural Bank of China rose by 6%. The market capitalization of China Minsheng Banking rose 2.5% after the company announced plans to sell preferred shares worth 30 billion CNY.

Australian benchmark S&P ASX 200 extended its decline as investors ignored the study of National Australia Bank, which showed that the conditions for doing business reported its biggest improvement from last half year in October. Miners BC Iron, Atlas Iron and Mount Gibson erased between 5 and 8% due to the decline in the price of iron ore, which retreated below 76 USD per ton – unheard of since June 2009 levels. Fertilizer manufacturer Incitec Pivot added over 5.0% after raising the final dividend to 7.3 cents from 5.8 cents per share and 33% fall in annual net profit.

South Korean shares ended the session at its highest level this month, rising for a fourth day after news of the free trade agreement between the country and China. Hyundai Motor added almost 6% after announcing it will repurchase its shares worth 413 million USD. Kia Motors does surged by over 2%.

Read this next

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

<