Japan's Nikkei share average bounced back from early losses, fueled by a strong performance in the auto sector. Retail investors were key players, snapping up discounted stocks in light trading volume with many global markets closed for the holidays.
Japan 's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays. Nissan Motor said, 'There was seasonal selling of shares by retail investors, such as stocks in investment trusts.
But once the equities fell to a certain level, they bought them back, betting the market will rise in the next session,' said Naoki Fujiwara, senior general manager at Shinkin Asset Management.The market struggled to find direction with foreign investors away for the holiday season, said Fumio Matsumoto, chief strategist at Okasan Securities. 'This time of the year, local individuals were the only ones active in trading but they do not want to place active bets when foreign investors are away and large stocks do not move actively.'down 0.56%. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 52% rose, 44% fell and 3% traded flat. Meanwhile, China stocks edged down on Wednesday, dragged by small-cap shares, as thematic concept sectors pulled back, while the Hong Kong market was closed for a local holiday. China's blue-chip CSI300 Index dropped 0.1% by the lunch break, while the Shanghai Composite Index was down 0.3%. The CSI 2000 index, which tracks small-cap stocks, fell 2.7%
JAPAN NIKKEI STOCK MARKET RETIAL INVESTORS HOLIDAYS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index rebounds to near 107.00 as US Retail Sales data loomThe US Dollar Index (DXY) posts modest gains to around 106.90 against major currencies during the early European session on Tuesday.
Read more »
Dogecoin Rebound Underway as Retail DOGE Adoption SoarsDogecoin retail traders want in as price rebounds after sell-offs
Read more »
Indian Rupee Rebounds Despite Global HeadwindsThe Indian Rupee (INR) sees a rebound on Friday after hitting an all-time low. Lower crude oil prices and potential RBI intervention may support the INR, but a hawkish Fed stance could cap its gains. Traders await key US economic data, including the Core PCE Price Index and Michigan Consumer Sentiment Index.
Read more »
Silver Price Rebounds Despite Rising Bond YieldsSilver prices increased to near $29.90 despite rising US bond yields. This surge comes as Fed officials indicated support for fewer interest rate cuts in 2025.
Read more »
NYC Population Rebounds Despite Exodus Due to Migrant SurgeNew York State has experienced a population increase for the first time in years, reversing a trend of residents leaving for cheaper living and warmer weather. The surge is attributed to a massive influx of migrants, surpassing even the era of Ellis Island. Liberal sanctuary policies and generous welfare systems in New York and other blue states have attracted large numbers of foreign-born immigrants, offsetting the outflow to states like Florida and Texas.
Read more »
Retail in Center City is thriving in 2024 according to its annual retail reportRetail is thriving in Philadelphia's Center City, according to its annual report. FOX 29's JoAnn Pileggi has the details.
Read more »