The Nikkei 225 index rallied today as investors cheered the reopening of the Japanese economy and the launch of new antibody tests in the country. Beermaker, Asahi was the top performer in the index.
In this section, you will find important Nikkei 225 news, actionable trading ideas, and a live Nikkei 225 CFD chart to help you better understand the stock index.
What is Nikkei 255 Index ?
The Nikkei 225 is the main Japanese stock market index and is a price-weighted stock market index initiated on September 7, 1950, and consists of the top 225 companies listed on the Tokyo Stock Exchange. Some of the companies listed on Asia’s most popular index are Konica Minolta, Panasonic, Softbank Group, Sony, Nissan, Daiwa Securities, and Toyota Motor. Companies in the technology space account for over 40 percent of the index, and valuations are denominated in Japanese yen (JPY).
The composition of the Nikkei is reviewed every year in September, and any changes take place in October. Because of the diversified nature of the index, many financial instruments linked to the Nikkei 225 have been created and traded worldwide while the index has been sufficiently used as the indicator of the movement of Japanese and broader Asian economy.
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Nikkei 225 News
The Nikkei 225 declined by about 78 points as investors braced for a new wave of bankruptcies in Japan. The index also reacted to weak results from Nissan and the rising trade risks from the region.
Asian markets trading mixed for one more day as tensions between China and USA rise after President Trump said he plans to take action against China over the national security laws on Hong Kong
Asian stocks started mixed the new week as the tensions between China and the USA over the Hong Kong new security law with shares in Hong Kong, extending losses for one more day.
Nikkei declined by more than 80 basis points today as the economic outlook in the country worsened. The index also declined because of the risks posed by the ongoing China parliamentary sessions. The best-performing stocks in the Nikkei were Softbank Group, Fujitsu, ANA Holdings, Kaisei Electric Railway, and Kyowa Hakko. On the other hand, the worst-performers were Amada, JFE Holdings, and T&D Holdings.
It was a mixture of red and green for the Nikkei 225 index as the market digested the latest trade and manufacturing data. The blue-chip index was barely moved at 06:13 (GMT), with the biggest gainer being Taiheyo Cement, whose stock rose by more than 12%.
Nikkei 225 finished higher but Asian markets trading mixed on Wednesday after yesterday’s losses on Wall Street as some reports cast doubts on the results from the clinical trials on Moderna’s coronavirus vaccine.
The Nikkei 225 index rose by more than 2 per cent as the market continued to react to the positive news by Moderna yesterday. The company said that its vaccine was showing signs of progress in initial tests. The market is also reacting to positive signs that the coronavirus pandemic is slowing down in Japan.