ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Tokyo stocks hit year-to-date high despite Moody's downgrade

TOKYO -- Moody's decision to lower Japan's debt rating failed to put a dent in the Nikkei Stock Average, which continued Tuesday to set fresh highs for the year as investors maintain bullish outlooks going into the year-end.

     The market is following a common saying here that warns against selling in a quiet market. "People don't see the Moody's downgrade as a big incentive [to sell]," said a trader at a major securities firm.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more