The stock exchange in Japan is closed higher on Thursday. Investors moved on to the new record stands on Wall Street, where the vote was backed by the hope of the new President Joe Bidens stimulus package. Trade was also dominated by the Bank of Japans interest rate decision. As expected, the central bank kept the interest rate and the very large support programme unchanged. However, the Bank of Japan increased its expectation for economic growth in the next fiscal year from 3.6 percent to 3.9 percent.
The Nikkei in Tokyo ended 0.8 percent in the plus at 28,756.86 points. At the macroeconomic level, Japanese exports rose by 2% on an annual basis in December. In November, exports fell by 4.2%. At the companies Panasonic won almost 5 percent after reports that the technology company is going to sell special refrigerators to store vaccines. SoftBank thickness 3 percent thanks to Alibabas strong price gain. The tech investor has a major interest in the Chinese webshop group, which saw its share increase significantly after founder Jack Ma reappeared after months of absence.
The other important stock level meters in the Asian region also gained ground. The main index in Shanghai made an interim profit of over 1 percent due to the hope of a better relationship between Beijing and Washington under the presidency of Biden. In Hong Kong, the Hang Seng index climbed 0.1 percent and the Kospi in Seoul received 1 percent. The stock exchange in India rose 0.7 percent and recorded above 50,000 points for the first time in history. The All Ordinaries in Sydney won 0.8 percent thanks to a stronger than expected decline in Australian unemployment in December.