Reported 9 months ago
Japan’s Topix index reached its highest intraday level since 1990, supported by efforts to enhance shareholder returns, financial stocks benefiting from higher interest rates, and value stocks like banks and insurance companies leading gains. The Nikkei 225 Stock Average also ended Friday up 0.6%. Expectations for interest rate movements supporting financial stocks and efforts to reduce cross-shareholdings boosting returns may contribute to potential record highs for the Topix index.
Source: YAHOO