Nikkei, Topix: MSCI index continues to hunt for records

Man in front of stock market scoreboard in Tokyo

The Nikkei is showing weaker again after its record high.


(Photo: dpa)

Tokyo, Hong Kong The stock exchanges in Asia showed inconsistent results on Thursday. The Nikkei Index, which comprises 225 values, was 0.5 percent lower at 27,444 points. The broader Topix index fell 0.8 percent and stood at 1805 points.

The Shanghai stock exchange was 0.7 percent up. The index of the most important companies in Shanghai and Shenzen gained 0.8 percent. Official data showed that activity in China’s service and factory sectors increased in December, albeit at a slower pace than in the previous month.

The MSCI index for Asian stocks outside Japan rose 1.9 percent to its most recent high and extended its record hunt of the past few days. “Much of the increase in the second half of the quarter is due to the fact that the political risk is gone,” said Kerry Craig, market strategist at JP Morgan Asset Management on the Brexit deal and the US election.

In Asian foreign exchange trading, the dollar was almost unchanged at 103.16 yen, up 0.2 percent to 6.5348 yuan. In relation to the Swiss currency it was quoted 0.1 percent higher at 0.8817 francs. At the same time, the euro remained almost unchanged at 1.2290 dollars and was barely changed at 1.0839 francs. The pound sterling stagnated at $ 1.3616.

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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