Open Demo Account
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

Adel 18 August, 2021 12:30 pm Forex Market, Market Update

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.

Tags

Check Also

WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom

West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious trading …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends