Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Nikkei scales three-decade high on expanded U.S. stimulus hopes

Published 29/12/2020, 04:22
Updated 29/12/2020, 04:24

TOKYO, Dec 29 (Reuters) - Japan's Nikkei share average
climbed to a three-decade high on Tuesday as investor risk
appetite improved on hopes that the long-awaited U.S. pandemic
relief package would be expanded.
The benchmark Nikkei share average .N225 rose 1.63% to
27,292.37 by the midday break, having earlier hit its highest
level since August 1990. The index was also on course for its
biggest daily gain in five weeks.
The broader Topix .TOPX gained 1.05% to 1,806.84, hitting
a level unseen since October 2018.
Overnight, major Wall Street indexes notched record highs as
optimism for an economic recovery increased following U.S.
President Donald Trump's signing of a $2.3 trillion pandemic aid
bill. .N
The U.S. House of Representatives voted on Monday to meet
Trump's demand for stimulus payments of $2,000 to qualified
Americans, sending the measure on to the Senate for a vote.
All but four of the 33 sector sub-indexes on the Tokyo
exchange traded higher, with highly cyclical airlines .IAIRL.T
and land transport .IRAIL.T among the top gainers on the main
bourse.
The stocks that gained the most among the top 30 core Topix
names were SoftBank Group Corp 9984.T and Central Japan
Railway 9022.T , up 3.35 % and 2.83%, respectively.
Among the top percentage gainers in the Nikkei index,
Sumitomo Dainippon Pharma Co Ltd 4506.T jumped 16.24%,
followed by Mitsubishi Heavy Industries Ltd 7011.T and IHI
Corp 7013.T , up nearly 6% each.
Elsewhere, furniture retailer Nitori Holdings 9843.T rose
1.44% after completing its tender offer for Shimachu Co
8184.T . Shares of Shimachu inched up 0.18%. The Mothers Index .MTHR of start-up firm shares rose
1.82%, hitting a one-week high.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.