JUST

2024

Momentum

FIRST

<p>Asian markets start the week in a contagiously optimistic mood. The flagship index of the Tokyo Stock Exchange soars, surpassing this symbolic threshold from the get-go, and closing the session with a 0.5% increase. The Nikkei 225 appears insatiable, displaying a remarkable climb of 20% since the start of the year, thus shattering its historical records dating back to December 1989.</p>
<h2 id="h-the-tokyo-nikkei-crosses-40-000-points-driven-by-technological-momentum">The Tokyo Nikkei Crosses 40,000 Points, Driven by Technological Momentum</h2>
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     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN:<br><br>*ASIAN STOCKS RISE TO START THE WEEK AS JAPAN'S NIKKEI BREACHES 40,000 LEVEL FOR THE FIRST TIME <a href="https://t.co/iajDw6Dbhs" rel="noopener noreferrer nofollow">https://t.co/iajDw6Dbhs</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f448.png" alt="👈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ef-1f1f5.png" alt="🇯🇵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1f3.png" alt="🇨🇳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ed-1f1f0.png" alt="🇭🇰" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f0-1f1f7.png" alt="🇰🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ee-1f1e9.png" alt="🇮🇩" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/m96PohC9FV" rel="noopener noreferrer nofollow">pic.twitter.com/m96PohC9FV</a></p>— Investing.com (@Investingcom) <a href="https://twitter.com/Investingcom/status/1764583437376065547?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 4, 2024</a>
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  “<em>Asian stocks rise to start the week, with Japan’s Nikkei passing the 40,000 point mark for the first time.</em>“
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<p>The frenzy reigns at the Tokyo Stock Exchange as the star index, the Nikkei 225, breaches <strong>the 40,000-point mark for the first time at the opening</strong>, ending the day at 40,109 points, thereby recording <strong>a rise of 0.5%</strong>.</p>
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<p>The vitality of the Japanese market is fueled by <strong>several factors, notably the persistent weakness of the yen, boosting the profits of Japanese companies abroad</strong> while making their stocks attractive to foreign investors. Moreover, Japanese companies are now rewarding their shareholders more with <strong>generous dividends and more frequent share buyback programs</strong>. Finally, the <strong><a href="https://www.cointribune.com/en/stock-market-china-in-free-fall-with-a-staggering-loss-of-6-trillion-dollars/" target="_blank" rel="noopener noreferrer nofollow">unstable situation of the Chinese financial markets</a></strong> is leading investors to look for alternatives, thus benefiting the Tokyo Stock Exchange.</p>
<p>“<em>We believe that Japan will be one of the most performing markets between 2023 and 2030. The big story of the return for shareholders in Japan has begun</em>,” comment the analysts at Jefferies in a research report published yesterday quoted by <a href="https://edition.cnn.com/2024/03/04/business/japans-nikkei-surpasses-40000-china-stocks-npc-intl-hnk/index.html" target="_blank" rel="noopener noreferrer nofollow">CNN</a>.</p>
<p>This Monday, the upward trend of the Nikkei is boosted by the <strong>impressive performances of technology stocks</strong>, following the momentum of Wall Street and particularly the <strong>performance of Nvidia</strong>, which recently passed the $2 trillion market capitalization mark. The <strong>Japanese semiconductor companies</strong>, such as Tokyo Electron and Advantest, have also contributed to the rise, with respective gains of 2.4% and 3.7%.</p>
<p>The optimism around semiconductors has also energized the Taiwanese stock market, where the benchmark index reached a record level, driven by <strong>the performances of Taiwan Semiconductor Manufacturing Company</strong>. The world’s largest contract chipmaker saw a 5.2% increase, reaching its all-time high.</p>
<h2 id="china-in-waiting-investors-eyes-on-the-national-people-s-congress">China in Waiting: Investors’ Eyes on the National People’s Congress</h2>
<p><strong>Chinese stocks make modest gains</strong>, with investors hanging on the upcoming decisions of the <strong>National People’s Congress</strong>. This annual meeting, which brings together <strong>3,000 delegates in Beijing</strong>, is expected to unveil <strong>growth objectives for 2024</strong> as well as potential economic stimulus measures. The markets are holding their breath before the announcement of these crucial directions.</p>
<p>As for the Tokyo Stock Exchange, it has already set several record levels in recent months, even eclipsing its previous <strong>historic peaks of December 1989</strong>. This positive momentum is a continuation of the exceptional performance of 2023, with the Nikkei 225 having jumped by nearly 20% since January after a 28% increase the previous year.</p>

Nikkei at its peak: Tokyo Stock Exchange hits historic milestone of 40,000 points

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