Japanese Stock Market Hits Highest Level in 30 Years... Surpasses 28,000 Points

[Image source=AP Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The Japanese stock market has recovered to the 28,000 level for the first time in 30 years.

On the 8th, the Nikkei 225 index on the Tokyo Stock Exchange closed at 28,139.03, up 2.36% (648.90 points) from the previous day. This is the first time the closing price has surpassed 28,000 since August 1990, 30 years and 5 months ago.

This was influenced by major U.S. stock indices, including the Dow Jones Industrial Average, reaching record highs in the U.S. market the previous day. It is interpreted as reflecting expectations for additional economic measures following U.S. President Donald Trump's concession of the election and the official inauguration of the Biden administration.

On the same day, the TOPIX index also closed up 1.57% (28.64 points) at 1854.94.

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