Market Analysis: Impacts of New Fiscal Year Beginnings on Nikkei, Gold, and Currencies
Monday, 1 April 2024, 06:39
Market Analysis
The global financial markets experienced a subdued activity during the extended Easter holiday period.
Nikkei Index Decline
Analysts dismissed the latest Tankan survey as the cause of the Nikkei index downturn, suggesting that profit-booking by institutional investors due to fiscal year commencement may have led to the sell-off.
- Japan's Nikkei index experienced a sharp sell-off at the beginning of the new fiscal year.
- Gold prices surged to new highs amidst market volatility.
- Currencies, including the Yen, remained stable with minimal reactions during the market turmoil.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.