Nikkei Index Hits Highest Level in 33 Years and 10 Months Since Bubble Burst
The Nikkei 225 average stock price (Nikkei index) closed at 33,763 on the 9th, up 1.2% from the previous trading day. During the session, it even surged to 33,990.
This marks the highest closing price in 33 years and 10 months since March 1990, after the collapse of the bubble economy.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2024010917193923920_1704788379.jpg)
The Nihon Keizai Shimbun explained that the buying momentum, centered on semiconductor-related stocks, flowed into the Tokyo market influenced by the rise of technology stocks in the U.S. stock market.
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The Nikkei index rose to 38,915 at the end of 1989 during the bubble economy period, but due to the bubble collapse and financial crisis, it plummeted to 7,054 in March 2009. On July 3 last year, it rose to 33,753, the highest level since the bubble collapse, but failed to surpass it for half a year.
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