PT Solid Gold Berjangka | Japanese Stocks Drop After Two-Month Bull Run Overheats Market
Nikkei 225 Saham Jepang indeks Topix PT SGB Solid Group SG Berjangka Solid Gold Berjangka
Solid Gold Berjangka | Thank you for sharing the information about the recent developments in the Japanese stock market. Here’s a summary of the key points:
- The Nikkei 225 had experienced a two-month rally, rising about 16%, but this rapid increase raised concerns among investors.
- The 14-day relative strength index for the Nikkei 225 had been above 70 for almost three weeks, suggesting the market might be due for a pause or correction.
- Nikkei 225 futures followed the trend of US shares, declining overnight. This decline occurred ahead of the release of the Federal Reserve’s favored inflation gauge.
- The broader Topix index fell 0.2% to 2,668.63.
- The Nikkei 225 specifically declined by 0.7% to 38,934.06.
- Takashi Ito, a senior strategist at Nomura Securities, commented that while Japanese stocks are not necessarily overvalued, the rapid rise has led investors to be more cautious and discerning.
- Sony was a notable contributor to the Topix’s decline, with its shares falling by 1.7%.
- Out of 2,151 stocks in the Topix index, 959 rose, 973 fell, and 219 remained unchanged.
- Tech companies like Tokyo Electron and Lasertec saw declines, influenced by Nvidia’s continued fall from a record high and Apple’s drop in value.
- The Philadelphia Semiconductor index was down by 1.1% on the same day.
This information provides a snapshot of the recent performance and trends in the Japanese stock market, highlighting the factors contributing to the decline after a significant rally.