The Nikkei Index rose more than 900 points on Tuesday (13th), approaching 38,000 points during the session, setting a new high since the bubble economy burst.
(Image via AP)
Ou Xiangyi/Editor
[Sianel Ariannol/Adroddiad Cynhwysfawr]Japanese stocks continued their recent gains. The Nikkei Index rose more than 900 points during the session on Tuesday (13th), approaching 38,000 points, reaching a 34-year high.
The historical peak of the Japanese stock market was 38957.44 points in 1989. After that, due to the bursting of the bubble economy, the Japanese stock market was weak for more than 30 years. Today’s intraday high for Japanese stocks is only about 1,095 points away from the all-time high, a range of less than 3%, Japanese stocks have a chance to hit new highs anytime in February.
US-listed Arm (ARM) closed down another 29% this morning. This rise encouraged Japanese stocks Japan’s SoftBank holds nearly 90% of ARM. SoftBank Group (SoftBank) once rose nearly 8% during the session, reaching the highest level It reached 8,873 yen; Tokyo Electron rose more than 11%, with its highest share price reaching 333.4 million yen, and Sony (Sony) rose more than 3%, with its highest intraday price reaching 14,755 yen.
As of around 11:59 Taipei time, the Nikkei index was at 37,862 points, an increase of 2.60%.
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