The Japanese stock market closed narrowly flat today! After a violent fluctuation during the trading session, it only fell slightly by 1 point, but still rose 0.7% for the whole week

Tokyo News: After experiencing a violent fluctuation throughout the day, the Nikkei 225 index staged a thrilling scene, with a strong rally in the late trading session significantly narrowing the decline, ultimately only slightly falling by 1 point and closing at 39583.08 points. Although it fell more than 200 points during the trading session, it ultimately held on to the cumulative increase of 0.7% for the week.

Market analysts pointed out that today's market showed a typical "V-shaped" reversal trend. In the early morning, affected by the overnight decline of American technology stocks, the Nikkei Index hit 39382.45, a drop of 0.5%. But in the afternoon, buying gradually poured in, especially in the last 30 minutes of the trading period, there was a clear return of funds, which promoted the rapid recovery of the index. | | "This shows the strong resilience of the Japanese stock market," said Kentaro Yamada, the chief strategist of Daiwa Securities. "Investors are obviously unwilling to significantly reduce their positions at the current position, especially considering that next week will usher in the end of the quarter window. From the perspective of sector performance, semiconductor related stocks have become the main rebound force. Tokyo Electronics (8035. T) rose 1.2%, while Screen Holdings (7735. T) closed up 0.8%. Bank stocks performed weakly, with Mitsubishi UFJ Financial Group (8306. T) falling 1.3%.

This week, the Nikkei index still achieved a 0.7% increase, continuing its upward trend since June. Analysts believe that this is mainly due to: | | | 1) the expectation of the Bank of Japan maintaining loose policies | | 2) continued inflow of foreign capital into Japanese stocks | | 3) support from the quarter end accounting market of enterprises | | | Looking ahead, Morgan Stanley's Japanese stock strategist Takashi Sato predicts that "although there may be technical adjustments in the short term, there is still room for upward movement in Japanese stocks in the second half of the year under the dual benefits of improved corporate profits and weakened yen exchange rate