Agreement in US budget dispute supports Tokyo Stock Exchange – But most of it was priced in

Stock Exchange in Japan

Frankfurt, Tokyo Investors are entering Asian stock markets in the hope of a breath of fresh air for the global economy. The Japanese Nikkei index rose 0.7 percent on Monday to 26,854 points, and its South Korean counterpart even hit a record high at 2,834.59 points. However, the Shanghai Stock Exchange was unable to maintain its initial profits and was quoted little changed at 3397 places.

US President Donald Trump had previously given up his blockade of the new $ 900 billion aid package to cushion the consequences of the coronavirus and signed the corresponding law.

“In view of the economic stimulus programs in Japan, Europe and the USA, the global economy could recover faster than expected next year,” forecast the analysts at the brokerage house Daiwa. “However, this is based on the assumption that the corona vaccinations run smoothly.”

One of the favorites among Asian stocks was Samsung. The titles of the electronics company rose by up to three percent to a record high of 80,100 won. Retail investors bought the papers because of the upcoming dividend payment, said analyst Na Jeong Hwan of asset manager DS Investment & Securities.

Sharp shares fell three percent in Tokyo. The electronics company suspects accounting irregularities at a subsidiary.

More: Despite Corona, experts are very optimistic about 2021. Why this is so, and where analysts still see favorable entry opportunities.


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