Japan’s stock market charges into the year of the boar
January 5, 2007
By Ken Worsley
On the first day of trading in 2007, the Nikkei stock average gained 127.84 points (0.74 percent). Today’s session was a half-day of trading, and the Nikkei closed at 17,353.67, which is it’s highest level since April 21 of last year.
Insurance, communications, and electric power and gas stocks generally closed higher, while the losers included mining, steel and game software maker shares.
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Wait, if this has happened for six years in a row, as pointed out in TPR News, why the continued first-day ebullience? Don’t investors know the Nikkei is bound to soon go down?