Three major U.S. stock indexes closed collectively higher
According to the U.S. financial media CNBC reported that the three major U.S. indices closed collectively higher, the Nasdaq rose 1.96%, the SP 500 rose 1.18%, the Dow rose 0.25%. Among them, the Nasdaq and the SP 500 hit record highs. Inda rose more than 5%, three consecutive trading days to a record high, the total market value exceeded 3 trillion dollars, beyond Apple Inc.
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Yen appreciation and global bond slump lead Japan GPIF to first loss in six quarters, with almost no asset allocation adjustment
According to the latest quarterly report from Japan’s Government Pension Investment Fund (GPIF), its asset allocation remained almost unchanged from its model portfolio for the three months ending in late September. However, the fund recorded a 1.7% quarterly loss during this period—the first loss in six quarters—due to a global slump in bond prices and the appreciation of the yen.