US EditionJapan's Nikkei tops 50,000 mark for first time on stimulus euphoria
- On Monday, Tokyo's Nikkei 225 climbed past 50,000, trading at 50,367.38 as of 0040 GMT, up 2.17% and 25.8% for the year.
- After the coalition announcement, Tokyo investors bought broadly as Japan's main ruling party formed a new government and Sanae Takaichi, prime minister, promised growth-focused policy.
- Advantest and Fast Retailing led gains as the Nikkei finished 3.6% higher with Takaichi pledging stimulus exceeding 13.9 trillion yen .
- Markets in Asia were set to open higher after U.S. President Donald Trump and Chinese President Xi Jinping reached a trade framework and cool U.S. inflation data supported gains.
- The move continues a long-awaited recovery that took 34 years, marking a dramatic turnaround after the Nikkei reached its Bubble Economy peak and broke 45,000 on September 16.
54 Articles
54 Articles
Especially the prospect of an agreement in the US trade dispute with China drives prices. Also the economic policy of Japan's new Prime Minister arrives well on the stock exchange
Asian shares gain; Japan's Nikkei tops 50,000 level for first time
Asian shares rallied and U.S. futures jumped Monday, with Japan’s benchmark Nikkei 225 topping 50,000 for the first time as U.S. President Donald Trump said he expected to reach a trade agreement with China. Work on trade deals that might alleviate friction between the U.S., China and other major trading partners has reassured investors. Officials from the…
Japan’s Nikkei Breaks Key 50,000 Level Ahead of Trump Meeting
The blue-chip Nikkei 225 Stock Average surpassed the psychologically key level of 50,000 for the first time as investor sentiment was boosted by growth optimism under Japan’s new prime minister and easing US-China frictions.
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