US-Driven Warm Breeze Boosts Japan's Nikkei Index to Highest in 30 Years and 4 Months

[Image source=AP Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Global stock markets rallied as U.S. President Donald Trump signed an additional economic stimulus package to overcome the novel coronavirus disease (COVID-19). Not only did the three major New York stock exchanges rise simultaneously, but Japan's Tokyo Stock Exchange also saw the Nikkei 225 index reach its highest level in 30 years and 4 months.

On the 29th, the Nikkei 225 index on the Tokyo Stock Exchange closed at 27,568.15, up 2.66% (714.12 points) from the previous trading day. This is the highest level since August 1990, 30 years and 4 months ago.

The previous day, President Trump signed a $900 billion additional economic stimulus bill agreed upon by Congress along with next year's budget, boosting expectations for economic recovery. Stocks sensitive to economic fluctuations, such as airline and banking stocks, led the market overall.

The TOPIX index closed at 1,819.18, up 1.74% (31.14 points).

This content was produced with the assistance of AI translation services.