TOKYO, Jan 15 (News On Japan) - The Nikkei Stock Average continued to rise on Monday, setting a post-bubble record high for the fifth consecutive day, closing at 35,901, up 324 yen from the previous week's end.
The market saw a surge in buying across a wide range of stocks, driven by strong corporate earnings and a weaker yen. At one point, the gains exceeded 400 yen, briefly surpassing 36,000 yen. This was the first time since February 1990, nearly 33 years and 11 months ago, that the Nikkei reached the 36,000 mark during trading hours.
Japan McDonald's Holdings, which announced a price increase, were bought on expectations of improved performance, reaching an all-time high since its listing.
The expansion of the NISA system this month, coupled with expectations of reform demands from the Tokyo Stock Exchange to corporations, has contributed to pushing up the average stock price.
Source: TBS NEWS