Returns of major asset classes in 2023 📊....

Returns of major asset classes in 2023 📊

Japanese stocks, as represented by the Nikkei 225 index, were among the strongest performers, rising 30% by the end of 2023. 📈

In May 2023, the Nikkei index, denominated in yen, reached a 30-year high due to improving corporate financials, a weak yen and share buybacks. 💹

However, the Nikkei's rally has faced headwinds of late, with a stronger yen, weak consumer demand and the possibility of a looming cut in international interest rates likely to redirect money to other markets. 🔄

15.01.2024