{"id":50477,"date":"2021-09-08T14:34:05","date_gmt":"2021-09-08T10:34:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50477"},"modified":"2021-09-08T14:34:07","modified_gmt":"2021-09-08T10:34:07","slug":"nikkei-closes-at-nearly-6-month-high-on-bargain-hunting-for-cheap-stocks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/nikkei-closes-at-nearly-6-month-high-on-bargain-hunting-for-cheap-stocks\/09\/08\/market-updates\/","title":{"rendered":"Nikkei Closes at Nearly 6-month high on Bargain Hunting For Cheap Stocks"},"content":{"rendered":"\n<p>On Wednesday, the Nikkei average closed at its highest level in nearly six months as investors bought cheap shares on the hope of an economic recovery, while SoftBank shares jumped thanks to a revenue-sharing deal with Deutsche Telekom.<\/p>\n\n\n\n<p>The Nikkei rose 0.89 percent to 30,181.21 points, its highest level since March 18. The broader Topix index advanced 0.79 percent to 2079.61 points.<\/p>\n\n\n\n<p>Recent declines in Japanese markets have lowered stock values. The latest gains came after Japanese Prime Minister Yoshihide Suga surprisingly announced last week that he would not seek re-election as his party&#8217;s leader.<\/p>\n\n\n\n<p>His Liberal Democratic Party holds elections to choose a new leadership on September 29, and the winner is almost certain to become Japan&#8217;s next prime minister.<\/p>\n\n\n\n<p>SoftBank&#8217;s shares closed up 4.64 percent after it concluded a $7 billion share swap deal with Deutsche Telekom.<\/p>\n\n\n\n<p>SoftBank was the best performer over the Nikkei, followed by Nikon, which rose 4.18 percent, and Rakuten Group, which rose 3.89 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, the Nikkei average closed at its highest level in nearly six months as investors bought cheap shares on the hope of an economic recovery, while SoftBank shares jumped thanks to a revenue-sharing deal with Deutsche Telekom. The Nikkei rose 0.89 percent to 30,181.21 points, its highest level since March 18. The broader Topix &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-50477","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\/50477","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=50477"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50477\/revisions"}],"predecessor-version":[{"id":50478,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50477\/revisions\/50478"}],"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=50477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}