Noha Makram – Live – The majority of Asian markets rose on Tuesday, recovering from a selling wave witnessed in the previous session, with the Nikkei index recording its highest levels in 33 years on the back of gains in technology stocks.
The index rose by 1.16% to close at its highest levels since March 1990 at 33,763.18, and the Topix index rose by 0.82% to close at 2,413.09.
Tokyo’s inflation rate slowed to 2.4% in December from 2.6% the previous month, while core inflation, which excludes volatile prices such as food, held steady at 2.1%, in line with expectations.
The Hang Seng Index in Hong Kong also rose by 0.34%, while the Chinese main index, the CSA 300, remained high by 0.29%.
While the South Korean KOSPI index fell by 0.26% to 2,561.24, making it the only index that slid into the red zone after Samsung Electronics, the heavyweight in the index, lowered its profit expectations for the fourth quarter of 2023.
During evening trading in the United States, the three major indices rose supported by technology stocks.
Nvidia shares rose 6.4%, reaching their highest levels ever, while Amazon shares jumped nearly 2.7%, pushing the Nasdaq index higher. Alphabet shares rose by 2.3%, while Apple shares rose by 2.4%.
The S&P 500 index also rose by 1.41%, and the Nasdaq Composite rose by 2.2%, which is the best performance for the index since the fourteenth of November.
The Dow Jones Industrial Average rose 216.90 points, or 0.58%, to settle at 37,683.01.
To trade and invest in the Egyptian Stock Exchange, click here
Follow the latest stock and economic news via our Telegram channel
Nominations:
European stocks rose at the end of Monday trading
US stocks were mixed in early trading on Monday
Global equity funds attract huge inflows on hopes of a rate cut
2024-01-09 11:34:41
#Japans #Nikkei #index #rises #highest #levels #years
