Japan Stock Market Rises to Become Best Asia Performer in 2021

Kimiko G. Judith
Tokyo’s Shutdown Plan to Curb Virus Spread

Photographer: Kentaro Takahashi/Bloomberg

A rally in Japanese shares on Thursday has lifted this year’s get on the Topix index to just over 11%, surpassing the 10.6% return from Taiwan’s equity benchmark to come to be the very best-performing share marketplace in Asia.

The Topix index closed earlier mentioned the 2,000 issue level for the to start with time considering the fact that May well 1991, with automakers and lenders contributing the most to the gauge’s gains this month. The Topix has noticed additional than double the returns in 2021 than the MSCI Asia Pacific Index.

“The terrible information is slipping absent one by just one, and what is remaining is earnings,” explained Hiroshi Matsumoto, head of Japan investment at Pictet Asset Management. He factors to the “unexpectedly dovish” indicators from the Federal Reserve, Japan’s conclusion to carry the coronavirus condition of emergency and progress currently being made on vaccinations among constructive boosts, in addition to the recovery in earnings.

Asia’s Very best

Japanese shares have surged to come to be Asia’s prime market place this year

Resource: Bloomberg

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