Stock price rises above 1,100 yen and recovers to the 18,000 yen level March 24 12:23
The Tokyo Stock Exchange and Nikkei Stock Average on the 24th have risen by over 1100 yen and have recovered to the 18,000 yen level. Expectations that the BOJ's large purchases of ETFs will halt stock prices will halt, and there is a growing movement to buy back declining stocks.
In the Tokyo Stock Market on the 24th, there has been a widespread repurchase of stocks that have recently dropped sharply since the start of trading, and the Nikkei Stock Average has risen more than 1,100 yen and has recovered to the 18,000 yen level.
It is the first time in three years and four months since November 2016 that the price rise exceeds 1100 yen during trading hours.
The Nikkei Stock Average, the morning closing price, is 1,138.95 yen, higher than the closing price on the 23rd, at 18,026.73 yen. TSE Stock Index = Topics is 39.65, up to 1331.66.
The morning trading volume was 1.08091 million shares. With the spread of the new coronavirus, the Bank of Japan this month decided on additional mitigation measures to significantly increase ETF purchases for the time being to curb the financial markets, with two daily purchases until the 23rd It exceeded 200 billion yen for consecutive days.
Market officials say, "There is some undue caution over the slowdown in the global economy given hopes that the US $ 2 trillion big budget planned by the US Trump administration will come soon. The softening may have also boosted stock prices. "