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Nikkei Closes Highest Since 1989

TOKYO, Feb 22 (News On Japan) –
Tokyo’s Nikkei surged over 800 yen on Thursday, closing at a file excessive, surpassing the file set in December 1989.

On the twenty second, the Nikkei Average rose broadly, together with semiconductor-related shares and automakers, following the robust earnings report of the American semiconductor big “NVIDIA.”

At 10:16 AM, it broke by the bubble period’s closing excessive of 38,915 yen, and shortly after the beginning of the afternoon buying and selling, it additionally surpassed the intraday excessive of 38,957 yen, reaching a historic degree for the primary time in about 34 years.

The closing worth was 30,908 yen, up 836 yen from yesterday.

Market contributors acknowledge some overheating, whereas some additionally imagine that “the upward momentum may continue into next week.”

Source: ANN