The Tokyo Stock Exchange ends in the green for the fourth time in a row

The Tokyo Stock Exchange signed a fourth consecutive session of increases on Tuesday, punctuated by adjustments in investor positions and profit taking. The flagship Nikkei index gained 0.66% to 27,049.47 points and the broader Topix index rose 1.06% to 1,907.38 points.

“The April-June quarter is coming to an end and institutional investors tend to rebalance” their equity portfolio, commented Norihiro Fujito of Mitsubishi UFJ Morgan Stanley. “It will be easier to invest in cheaper stocks, a factor that will support the market in terms of supply and demand,” he added, quoted by the Bloomberg agency. In Hong Kong, the Hang Seng index rose 0.8% around 0650 GMT.

Today’s value

The industrial and technological conglomerate Toshiba (+0.66% to 5,745 yen) held its ordinary general meeting on Tuesday, during which the appointments of two representatives of activist shareholders (Farallon Capital and Elliott) to its board of directors were announced. approved. The group’s management had long fought against its restless activist shareholders, before finally giving in in several stages, with a waltz of its leaders since last year and a more open approach to the possibility of a takeover in recent months.

On the side of oil and currencies

Oil continued to rise: around 06:40 GMT the barrel of American WTI gained 1.39% to 111.09 dollars and the barrel of Brent from the North Sea advanced by 1.48% to 116.79 dollars. The dollar rose to 135.60 yen around 06:50 GMT against 135.46 yen on Monday at 21:00 GMT. The Japanese currency fell against the euro, one euro being worth 143.62 yen against 143.37 yen the day before. The euro traded at $1.0594 against $1.0584 on Monday.

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