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Stock impact report

Japan's Stock Market Has Strongest Start to the Year Since 1990 [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
The Topix index and the Nikkei 225 climbed further on Tuesday, bringing their two-day gains to 3.8% and 4.3% respectively. That rally was the strongest for the first two trading days of a new year since at least 1990, Bloomberg-compiled data showed. One noticeable factor was buying of major large-cap equities. “Japanese stocks still have lower price-to-earnings ratios compared to US stocks, and it seems foreign investors have strong appetite” for core stocks, said Hideyuki Ishiguro, chief strategist at Nomura Asset Management Co. Some analysts said Japan's equity rally is being further fueled by a surge in buying among domestic retail investors topping up their tax-free NISA accounts for the new year. “Following yesterday's sharp stock surge, some individuals may be buying today out of fear of missing out,” said Tsutomu Yamada, market analyst at Mitsubishi UFJ eSmart Securities Co. The strength of Japanese stocks stems not only from the resilience of the US market amid hopes Show less Read more
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