Japanese stock market is on the rise, Nikkei 225 expected to continue upward trend.

From Nasdaq: 2025-01-23 18:16:40

The Japanese stock market has been on the rise for four consecutive sessions, gaining over 1,500 points or 3.8 percent. The Nikkei 225 is just below the 39,960-point mark and is expected to continue its upward trend on Friday. Global markets are also positive ahead of the Lunar New Year holidays, with European and U.S. markets showing gains.

On Thursday, the Nikkei closed higher, boosted by financial, technology, and automobile stocks. The index rose 312.62 points to finish at 39,958.87. Major companies like Nissan, Toyota, and Sony saw positive movement in their stock prices.

In the U.S., the Dow, NASDAQ, and S&P 500 all closed in the green on Thursday, continuing the recent upward momentum in the markets. Biotechnology stocks performed well, while initial jobless claims increased.

Oil prices fell slightly as crude inventories in the U.S. showed less of a decline than expected. The Bank of Japan is expected to announce a 25 basis point increase in its benchmark lending rate. December consumer price data and January PMI results will also be released in Japan.



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