{"id":50320,"date":"2021-09-03T12:42:05","date_gmt":"2021-09-03T08:42:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50320"},"modified":"2021-09-03T12:42:07","modified_gmt":"2021-09-03T08:42:07","slug":"japan-shares-reach-3-decade-high-as-pm-announces-stepping-down","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/japan-shares-reach-3-decade-high-as-pm-announces-stepping-down\/09\/03\/market-updates\/","title":{"rendered":"Japan Shares Reach 3-Decade High as PM Announces Stepping Down"},"content":{"rendered":"\n<p>Japanese stocks rose, while the broad Topix index reached its highest level in more than 30 years, after Prime Minister Yoshihide Suga tendered his resignation, paving the way for a new government that could help the ruling coalition win the upcoming elections.<\/p>\n\n\n\n<p>The Nikkei index rose 2.04% to 29,128.11 points, its highest level since June 16, while the broader Topix index rose 1.61% to 2015,45, reaching levels not seen since April 1991.<\/p>\n\n\n\n<p>For the week, the Nikkei gained 5.4%, the biggest gain since early November, when Joe Biden won the US presidential election.<\/p>\n\n\n\n<p>Suga&#8217;s departure is seen as reducing the chance of the ruling coalition losing a stable majority in the upcoming House elections, which could be held by November.<\/p>\n\n\n\n<p>Investors are also betting that Suga&#8217;s successor, whoever he is, is likely to deliver an economic package to support pandemic-hit companies and households ahead of the elections, providing a boost to stock prices.<\/p>\n\n\n\n<p>Cyclical stocks such as steelmakers and stockbrokers, as well as semi-chip-related stocks, led the gains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese stocks rose, while the broad Topix index reached its highest level in more than 30 years, after Prime Minister Yoshihide Suga tendered his resignation, paving the way for a new government that could help the ruling coalition win the upcoming elections. The Nikkei index rose 2.04% to 29,128.11 points, its highest level since June &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-50320","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\/50320","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=50320"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50320\/revisions"}],"predecessor-version":[{"id":50321,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50320\/revisions\/50321"}],"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=50320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}