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Japanese stocks continue to soar in 2024: the Nikkei/Yen hits a new year-end closing high, with a total increase of nearly 20% for the year.
① In 2024, the Nikkei 225 Index closed at 39,894.54 points, marking the highest annual closing level in history, surpassing the record set in 1989; ② The Nikkei 225 Index rose by 6,430.37 points throughout the year, up nearly 20% year-on-year, continuing significant growth for two consecutive years; ③ Analysts expect that the outlook for Japan's corporate giants and investor confidence will bolster the performance of Japanese stocks next year.
Japan's Nikkei Ends 2024 With Nearly 20% Rise
[Japanese Stock Market Review] The last Trade day of 2024! The Nikkei 225 closed below 0.04 million, with an outstanding performance for the year.
FX168 Financial News Agency (Asia-Pacific) reported on Monday (December 30th) that it is the last Trade day of the year 2024 for Japan's stock market. The Nikkei index closed lower, but the closing price set a historical new high, with an annual increase of 19%. This is attributed to strong corporate profits and a weaker yen boosting export-oriented Stocks.
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Institutions: The Nikkei 225 Index fell below 0.04 million points. Whether it can maintain the psychological barrier at close is crucial.
On December 30, Glonghui reported that the Nikkei 225 Index fell below the psychological level of 0.04 million points on the last trading day of 2024. Akizawa Securities expert Katsuyoshi Sakase pointed out that "to maintain expectations for stock price increases in the coming year, the closing price's ability to stay at the psychological level of 0.04 million points will be the focus." On the other hand, he noted that "machine tool stocks led by Makino Milling Machine, along with cheaper Banks in terms of Indicators, are likely to attract Bids due to industry restructuring considerations, becoming a major reason supporting Japan Stocks."