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01:23
Tokyo Stock Exchange rises 2.41% on the back of exporters and a weaker yen in Japan
This footage was filmed and produced 18 September 2023.
The main index of the Tokyo Stock Exchange, the Nikkei, rose 2.41% on Wednesday, encouraged by the renewed weakness of the yen against the dollar, a trend that benefits Japanese exporters.
The Nikkei, which groups the 225 most representative stocks of the market, advanced 742.80 points to 31,601.65 points.
The broader Topix, which includes the firms of the main section, those with the largest capitalization, added 2.53% or 56.96 points, to 2,310.68 units.
The Tokyo trading floor opened sharply higher, encouraged by the renewed weakness of the yen, which traded today in Tokyo trading between 151.13 and 151.66 yen per dollar, surpassing the psychological barrier of 150 yen per greenback.
A weak yen favors large exporting groups, making their products more competitive abroad and increasing their profits by repatriating them, but at the same time hurts smaller companies that are highly dependent on the import of raw materials.
SHOTLIST:
1. various of Tokyo (September 18, 2023);
2. various of Tokyo Stock Exchange (September 2, 2023);
3. various of Yen currencies (September 2, 2023);
4. various of Tokyo banks (September 2, 2023);
5. various supermarkets in Tokyo (September 18, 2023).
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