{"id":49753,"date":"2021-08-23T12:37:52","date_gmt":"2021-08-23T08:37:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49753"},"modified":"2021-08-23T12:37:54","modified_gmt":"2021-08-23T08:37:54","slug":"nikkei-rises-from-8-month-low","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/nikkei-rises-from-8-month-low\/08\/23\/market-updates\/","title":{"rendered":"Nikkei Rises From 8-month Low"},"content":{"rendered":"\n<p>Japan&#8217;s Nikkei index jumped Monday, August 23, after falling to an eight-month low in the previous session, as auto stocks rebounded from losses after Toyota Motor announced a 40% cut in global production next month.<\/p>\n\n\n\n<p>Nikkei climbed 1.78% to 27,494.24 thanks to bargain hunting, after hitting its lowest level since December on Friday.<\/p>\n\n\n\n<p>The broader TOPIX index gained 1.83% to 1915.14 points, led by a 3.1% rise in the transportation equipment index.<\/p>\n\n\n\n<p>The sub-index fell more than 10% last week, in one of the biggest drops since early 2020, after Toyota&#8217;s announcement.<\/p>\n\n\n\n<p>Toyota stock rose 3.4%, Denso jumped 6.6%, and Nissan Motor increased 3.4%, as investors believe that the selling was exaggerated last week and that the impact of Toyota&#8217;s production cut will be short-lived.<\/p>\n\n\n\n<p>All 33 subsector indices on the Tokyo Stock Exchange rose, while volatile shipping companies gained 5%, and electrical machinery shares gained 2.7%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Nikkei index jumped Monday, August 23, after falling to an eight-month low in the previous session, as auto stocks rebounded from losses after Toyota Motor announced a 40% cut in global production next month. Nikkei climbed 1.78% to 27,494.24 thanks to bargain hunting, after hitting its lowest level since December on Friday. The broader &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6939],"class_list":["post-49753","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-japan"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=49753"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49753\/revisions"}],"predecessor-version":[{"id":49754,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49753\/revisions\/49754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37445"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}