News & Insights

TOPIX ended down on the previous month-end. The Japanese equity market plummeted in the latter of the month due to the news of the emergence of a new variant virus called Omicron, although the market was in an upward trend backed by solid quarterly corporate earnings.

TOPIX ended down on the previous month-end. The Japanese equity market was dragged down by some concerns over global stagflation on rising commodity prices, an increase in US bond yield and default of the Chinese property giant, EVERGRANDE.

TOPIX ended up on the previous month-end. Although the Japanese equity market was dampened by concerns over the default of the large Chinese property company, Evergrande and an increase in US bond yield, it rose on the expectations for new leadership after Prime Minister Suga’s announcement to step down and for the normalisation of economic activities with steady progress of Japan’s vaccination campaign.

TOPIX ended up on the previous month-end. Solid Japanese corporate quarterly earnings results suggested Japan is on track to a recovery from the impact of the pandemic and this pushed the market higher. Although the market temporarily declined on the declaration of the fourth state of emergency following a spike in the number of COVID-19 cases, the news of the US bipartisan infrastructure bill passing in the Senate underpinned the market.