October 1, 2020

The Tokyo Stock Exchange rises strongly after the stimulus commitment of the G20

The Tokyo Stock Exchange rose strongly after the opening today and accumulated an advance of its main indicator of 3% after the stimulus commitment announced by the G20, although its rise moderated to 1.24% mid-session.

The Nikkei benchmark index came to a half session break with a gain of 230.70 integers, up to 18,895.30 points, while the Topix, which groups the firms in the first section, the most capitalized on the stock market Japanese, advanced 18.63 points, 1.33%, to 1,417.95 units.

The firm rise of the Nikkei after the opening allowed it to temporarily recover the psychological barrier of 19,000 integers, which it had lost again the day before.

The Tokyo parquet thus reacted to the statement issued on Thursday by the leaders of the G20 and the European Union (EU), in which they were willing to do “whatever it takes” to face the social, health and economic crisis resulting from the coronavirus pandemic.

The members of the G20 and the EU assured that they are injecting more than 5 trillion dollars into the global economy, while stressing the need for “brave” actions, without giving more details, according to the statement published after the meeting that maintained their leaders by videoconference.

Among the sectors that accumulated the highest profits in the Tokyo parquet are the pharmaceutical, real estate and precision machinery sectors.

Among the stocks with the largest capitalization, the Japanese automobile leader, Toyota Motor, gained 0.43% mid-session, while the technology giant Softbank advanced 1.24%.


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