Nikkei Stock Average Hits Highest Level Since Post-Bubble Era

Jan 22, 2024 | News On Japan

Surges Past 36,300, Highest in Over Three Decades

TOKYO - Tokyo stocks soared to hew highs on Monday morning, with the Nikkei briefly surpassing its highest level since the post-bubble era during trading hours.

Against the backdrop of gains in the New York market at the end of last week, buying pressure was evident right from the start when the Tokyo market opened.

At one point, it surged by over 500 yen, reaching the 36,400 yen range.

This marks the highest level in approximately 34 years during trading hours since the post-bubble era.

The Nikkei Stock Average had already gained nearly 500 yen in a single day at the end of last week, and the upward trend continues.

Source: ANN

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