Home / Market Update / Forex Market / Nikkei Rises 0.59%, Ending a 4-day Losing Streak

Nikkei Rises 0.59%, Ending a 4-day Losing Streak

Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard.

The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached its lowest level since July 30.

The broader TOPIX index rose 0.44% to 1923.97 points.

Defensive stocks led the gains, while many cyclical stocks fell due to continuing concerns that the spread of the delta strain could derail economic recovery at home and abroad.

Check Also

European Stocks Rise Amid Trade Optimism and Caution Ahead of U.S. Jobs Report

European stocks gained on Thursday, continuing the positive momentum from Wall Street, though caution persisted …