The Stock Market in Japan Ended Slightly Higher on Thursday
The stock market in Japan ended slightly higher on Thursday. Investors slowed down after the strong boom in recent days.
The other stock exchanges in the Asian region showed a mixed picture, with exchange rate results remaining limited. The escalating tensions between the United States and China caused some reluctance.
In addition, the meeting of the European Central Bank (ECB), which is to be held later today, was awaited.
The leading Nikkei in Tokyo closed with a plus of 0.4 percent at 22,695.74 points. It was the fifth consecutive profit for the Japanese main index, which is at the highest level in over three months due to hopes of an economic recovery following the easing of the corona measures.
A better-than-expected job rating from the US payroll processor ADP also provided some support for trade.
The stock market gauge in Shanghai was 0.2 percent lower in the meantime, and the Hang Seng index in Hong Kong remained almost flat. The Chinese aviation sector was in the spotlight. China announced that it would allow more inbound flights from foreign airlines.
Beijing’s move followed the US announcement to ban Chinese airlines because of China’s travel restrictions on US aviation companies.