Nikkei Stock Average Rises More than 600 points, Hits Post-bubble High
10:07 JST, January 9, 2024
Tokyo (Jiji Press)—Japan’s benchmark Nikkei 225 stock average briefly gained over 600 points Tuesday morning on the back of recent rises in U.S. stocks, hitting the highest level since the collapse of Japan’s bubble economy in the early 1990s.
At 9:09 a.m., the Nikkei average was up 612.86 points, or 1.84 pct, from Friday at 33,990.28, the highest since March 1990, in the midst of the bubble economy. The Japanese market was closed Monday for a national holiday.
"Business" POPULAR ARTICLE
-
G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
-
Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
Call Centers Using AI to Address Customer Harassment: NTT and Fujitsu Develop Programs to Improve Employee Interactions, Reduce Turnover
-
Kawasaki Heavy Commemorates Delivery of 5,000th Railcar in U.S.; 40% of Railcars Used in N.Y. are from Kawasaki Heavy
JN ACCESS RANKING
- Asukayama Monorail in Tokyo: Free to Ride!
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
- Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market