The Tokyo Stock Exchange closes high despite the disappointing “Toyota” results

The Tokyo Stock Exchange closes high despite the disappointing “Toyota” results

The Standard Nikki index went up 0 points. 32.678% to 27678. 92 points, whereas the larger Topics index only gained 0. 47% compared to 1938. fifty points
Toyota owns one. 94 percent and pressure on the Nikki index, after the company announced a decrease of 25 percent in the profits of the quarter ending in September and reduced its annual production goal, at a time when car manufacturers have increased in the costs of materials and a chronic shortage of semiconductors.

On the other hand, after the manufacturer of cigarettes and drinks increased its annual profit estimates, Japan Tobaco’s share increased 8.73 percent and increased the index’s gainers.
In spite of the company’s second quarter operating profit decline of 11%, Panasonic Holdings increased 7.3%, outperforming analysts’ expectations.

Although it is now all but likely that the US Central Bank will hike interest rates by 75 basis points on Wednesday, investors will be watching for any clues as to when the Federal Reserve might start analysing how frequently interest rates will rise in the future.

Despite the poor “Toyota” findings, the Tokyo Stock Exchange closes higher.

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