The growth of quotations is also associated with the depreciation of the yen to the dollar following a decrease in the demand for safe assets, which include the Japanese currency.
Japanese stocks rose Monday to its highest levels since December 2015 amid reports about the victory of Emmanuel Macron, in the second round of the presidential elections in France, according to the auction.
The Nikkei 225 index, reflecting dynamics of stock quotes of 225 leading companies of Japan, grew 1.73%, 19781,50 points. Earlier during the auction, he reaches 19828,68 item, which is the highest since 18 December 2015. Stock index Topix grew by 1.79% to 1578,13 points. He previously rose to the level 1578,80 item that is also high since December 18 of 2015, according to Prime.
The victory of the Macron in the elections led to a rise in the Euro
Sunday was the second round of presidential elections in France. The first round was held on 23 April, the struggle was continued by the leader of the movement “Forward”, the former Minister of the economy Emmanuel macron, who scored 24,01% of the votes and the candidate from the party “national front” marine Le Pen with 21.3% of votes. Makron defeated in the second round of the French presidential elections with a score of 66.06%, according to data of the Ministry of interior in the country, after the processing of 99.99%. The growth of quotations is also associated with the depreciation of the yen to the dollar following a decrease in the demand for safe assets, which traditionally applies the Japanese currency. Investors, convinced the election of Macron, drew attention to the risky assets, the Euro and the dollar. This dynamics led to an increase in the value of shares of Japanese exporters, as it made their products cheaper and therefore more competitive on the world market. The growth of the stock of such companies giants as a whole affects the General growth of quotations.