Topix Joins Nikkei at Record High as Japan’s Stocks Extend Rally

-- Japan’s Topix stock index powered past its bubble-era peak to a record high, as the buying momentum spread beyond a narrow set of stocks and underscored the firm foundations of the rally.Zelenskiy Challenges Trump to Reveal Plans for Ending War

There are few indications the BOJ’s shift to tighter monetary policy is damping sentiment, with investors buying into the idea that the nation’s fortunes have changed for the better as inflation returns. Banks have advanced on speculation higher yields will help improve lending margins, while insurers have gained on expectation they will boost their profitability through their bond investments.

“Unlike the Nikkei 225, which is biased toward certain stocks, the Topix movement indicates the bottoming out and an all time high of the Japanese market as a whole,” said Hideyuki Ishiguro, a chief strategist at Nomura Asset Management Co.TFSA investors can consider holding quality growth stocks such as Propel Holdings right now and derive outsized gains in the next five years. The post 2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run appeared first on The Motley Fool Canada.

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