The Japanese Nikkei briefly surpassed the 38,000 point mark on Tuesday. This was the highest value since 1990 on Tuesday. This is reported by Reuters.
Strong performance on Wall Street and a weaker yen
Corporate earnings and technology stocks boosted the index. “Japanese stocks were boosted by strong performance on Wall Street and a weaker yen, boosting the value of overseas exporters' earnings,” the news agency said.
In the end, the leading index closed at 37,963.97 points. As The Wall Street Journal reports, there is now only 2.5 percent left to reach a new record. This was achieved in December 1989 and was 38915.87 points.
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