Japan's Nikkei Average touches highest point since 2000

LOS ANGELES (MarketWatch) — Japan’s blue-chip Nikkei Average NIK, +0.44% benchmark briefly hit levels not seen in almost 15 years on Thursday. With volumes low and Chinese markets closed for holiday, the Nikkei Average managed to climb to 18,323 at around 10 a.m. local time, surpassing its March 2007 intraday high of 18,300 to trade at levels last hit in mid-2000, according to FactSet. By the market’s lunchtime break, the index had eased back to 18,283, still up 0.5% for the day and up 4.8% for the year to date. However, the Nikkei Average remained distant from its all-time record of 38,916, made on the last trading day of 1989, just before Japan’s economy collapsed into the “Lost Decade.”

You may also like...

Rules of Discussion on Japan's Nikkei Average touches highest point since 2000

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …