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The Tokyo Stock Exchange rises as the yen declines after the Japanese elections

The Tokyo Stock Exchange rises as the yen declines after the Japanese elections

The Free Democratic Party, to which Ishiba belongs and which governs Japan Almost throughout its history since World War IIIts junior coalition partner, the Komeito Party, has 215 seats in the House of Representatives, short of the majority requirement of 233 seats. The LDP previously controlled 233 seats and the Komeito Party controlled 32 seats.

And he finished Nikkei indicator Today’s trading increased by 1.82 percent, closing at 38,605.53 points, after rising by about 2.2 percent during trading. It had fallen 0.4 percent at the opening.

The yen’s decline accelerated during the morning session, reaching 153.885 to the dollar for the first time since July 31, and it fell by about 0.8 percent to record 153.505 to the dollar by 0600 GMT.

It would decline Yen To enhance shares Japanese companies Which is strongly dependent on ExportIt leads to an increase in the value of foreign sales when converted into the local currency. It also makes Japanese stocks less expensive for foreign investors.

The transportation equipment sector recorded the best performance among 33 indexes on the Tokyo Stock Exchange, jumping 3.5 percent. Toyota shares rose by more than four percent and Nissan shares rose 3.5 percent.

Shares also rose Electronic chip sector Tracking the impact of its counterparts in the United States, which recorded gains on Friday. The index for this sector in Japan rose 4.6 percent.



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