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Japanese shares jump on bargain-hunting, Topix hits 31-yr high

Japan's Topix index hit its highest level in more than three decades on Monday, while the Nikkei also jumped, as investors continued to buy beaten down stocks on hopes of an economic recovery and corporate earnings growth.

Japan s Topix ends at 31-year high as investors eye economic recovery

Japan s Topix ends at 31-year high as investors eye economic recovery
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

Japan s Topix ends at 31-year high as investors eye economic recovery

Japan s Topix ends at 31-year high as investors eye economic recovery
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Japanese shares drop as cyclicals drag, virus worries increase

By Reuters Staff 2 Min Read TOKYO, June 29 (Reuters) - Japanese shares slumped on Tuesday, with weaker cyclical stocks outweighing gains in technology names, as outbreaks of the highly contagious COVID-19 variant Delta raised concerns about a recovery in the global economy. The Nikkei share average fell 0.94% to 28,774.35 by 0208 GMT, while the broader Topix lost 0.90% to 1,948,03. “Investors are selling Japanese cyclical shares after losses in the Dow and European stocks. Since Japan does not have stocks that are equivalent to GAFA shares, the market is not taking advantage of the Nasdaq’s robust finish overnight,” said Soichiro Matsumoto, chief investment officer Japan at Credit Suisse Private Banking.

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