Society | Oct 23

Nikkei posts longest-ever winning streak

Oct 23 (Japan Today) - Tokyo's Nikkei 225 on Monday posted the longest winning streak in its nearly 70-year history as markets cheered the weekend election victory of Japan's pro-business prime minister.

The benchmark index rose 1.11%, or 239.01 points, to end the day at 21,696.65, its 15th consecutive rise and the longest since it came into existence in 1950.

The broader Topix index gained 0.84%, or 14.61 points, to finish at 1,745.25 yen.

The gains were driven by hopes that premier Shinzo Abe's growth blitz -- a mix of huge monetary easing, government spending and reforms to the economy -- will continue.

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