The Nikkei, Japan's stock market index, is approaching a historic high, a milestone not seen since the bubble era of 1989. This resurgence is attributed to record profits in Japan, a shift in investor focus from China to Japan, and a positive psychological impact on the market. Chief APAC Equity Strategist at Goldman Sachs, Tim Moe, expressed optimism on Bloomberg TV, stating Japanese stocks may have further to go. The Tokyo Stock Exchange has regained its position as Asia's largest in terms of market capitalization. Despite nearing record levels, valuation metrics indicate that Japanese stocks are not overpriced compared to historical levels and global peers. This has led to a renewed interest in Japanese stocks among global investors, marking a significant shift in the investment landscape.
The Nikkei's climb to within striking distance of a record high marks Japanese stocks' long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the market back atop global portfolios. More here: https://t.co/wl3sqZdFLV
The Nikkei's climb to within striking distance of a record high marks Japanese stocks' long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the market back atop global portfolios https://t.co/t6IrpGOBow
⚠️ ANALYSIS-AT LAST, FOMO PUTS JAPAN'S STOCKS BACK ON GLOBAL WISHLIST (Reuters) The Nikkei's climb to within striking distance of a record high marks Japanese stocks' long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the… https://t.co/aiUPhI6ifo
⚠️ JAPANESE STOCKS WITHIN REACH OF RECORD HIGHS, AND YET INEXPENSIVE (Reuters) As Japanese stocks approach record levels last seen in the 1989 bubble-era, valuation metrics suggest they are still far from overpriced compared to historic levels and global peers. The Nikkei… https://t.co/EfXnJ1R8es
The real reason to celebrate as Japan’s Nikkei stock index’s finally surpasses its 1989 high will be psychological, writes Streetwise columnist @jmackin2 https://t.co/tWJ4JhIn6M https://t.co/tWJ4JhIn6M
Nikkei’s Rally Pauses for Breath with Record High in Sight https://t.co/1UDyza57U6
The Tokyo Stock Exchange has regained the top spot in Asia's market capitalization, with stock averages nearing record highs as investors shift focus from China to Japan. https://t.co/ro64EQmO2H
Record Japan profits show the Nikkei is primed for an all-time high. https://t.co/zUfgvc5dIT
With the Nikkei on the verge of a historic high, our Chief APAC Equity Strategist Tim Moe shares why Japanese stocks “may have further to go" on Bloomberg TV: https://t.co/kULl5dtszW