Tokyo Stock Exchange continues to climb beyond 30 000 points

  •   18/02/2021 - 11h42
  •   DEHOUI Lionel

The Tokyo Stock Exchange continues to post impressive results on Tuesday. In fact, investors are hoping for an economic regularization, following the announcement of the next Covid-19 vaccinations. The Nikkei index gained 1.28% at 30 467.75 points and the expanded Topix gained 0.57% at 1 965.08 points.

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Tokyo Stock Exchange continues to climb beyond 30 000 points
Image copyright: Dick Thomas Johnson - Flickr

Start of preparations for vaccination campaigns

Statements by the Japanese minister in charge of coordinating vaccine distribution were eagerly awaited late Tuesday afternoon in Tokyo. Then, 10 000 to 20 000 health technicians will receive the Covid-19 vaccine developed by Pfizer/BioNTech in Japan starting today.

For the moment, the objective is not to vaccinate the whole population. In addition, the vaccination of elderly people scheduled for April is also postponed to a later date.

On the Hong Kong Stock Exchange, the Hang Seng Index took advantage of this news by cashing in at 1.63% on Monday. Meanwhile, markets in mainland China remained closed due to the Lunar New Year holiday.


On the stock side

The technology investment giant SoftBank Group has reached new heights. It advanced 4.14% on February 15, before closing at 10 420 yen. This represents a level not seen since its IPO in 1994, as its last performance in February 2000 was 10 111.09 yen.

SoftBank's progress was aided by year-end figures for its Vision Fund 1 and 2 investment funds. The latter made record gains on their various investments. Vision Fund 1 owes its success in particular to the introduction of the large company DoorDash on Wall Street in December. We also note the rise in the value of the American Uber.


DENTSU in free fall

Japanese advertising giant Dentsu was down 3.55% or 3 665 yen. It suffered a huge net loss on its 2020 results at the close on Monday. A poor performance that could be blamed on the devaluations caused by the pandemic.

In addition, the group's restructurings have had a profound impact on its international activities. It estimated its deficit for the year at nearly 159.6 billion yen, or 1.25 billion euros. However, those recorded in 2019 amounted to 80.9 billion yen.


On foreign exchange and oil

The Japanese currency continues to lose points against the Dollar. On Monday at 6:40 GMT, the greenback traded at 105.52 yen. As for the European currency, it was worth 128.05 yen, down from 127.19 yen the previous day. Against the dollar, the euro traded at 12 129 dollars Monday at 21:00 GMT.

Regarding WTI's U.S. oil barrel, it surpassed $60 a barrel on Monday and continues to rise. This, for the first time since the beginning of the year 2020. At around 6:30 GMT, it rose by 1.24%, or to $60.21. As for a barrel of North Sea Brent, it rose 0.41% to $63.56.