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The Nikkei 225 index hit 30,000 for the first time since 1990.

新浪財經 ·  {{timeTz}}


The Nikkei 225 index hit 30,000 in early trading on Monday for the first time since August 1990, a sign that Japan's domestic economic recovery is intact and benefited from progress in the US stimulus package.


At one point in early trading, the index rose 1.6 per cent, a step further on the road back to bubble-era levels. The broader Topix index recently hit an all-time high, rising to its highest level in nearly 30 years.


Although global stock markets have hit record highs in recent months, the Nikkei 225 index still needs to rise nearly 30 per cent to break the record high of 38915.87 set at the end of the last trading day in 1989. In the three years since then, with the bursting of Japan's economic bubble, the index has fallen by more than half.

日本东海东京研究所(Tokai Tokyo Research Institute)首席全球策略师Shoji Hirakawa表示,日经225指数短暂突破30000点表明“各种各样的投资者正在抱着完全看涨的观点涌入日本股市。“

Shoji Hirakawa, chief global strategist at the Tokyo Research Institute of the East China Sea (Tokai Tokyo Research Institute), said the brief break of the Nikkei 225 index showed that "all kinds of investors are pouring into the Japanese stock market with a completely bullish view." "


With Dow JonesLike the industrial average, the Nikkei 225 is also a price-weighted index. The two most heavily weighted stocks, Fast Retailing Group and Softbank Corp. Group, the parent companies of Uniqlo, account for nearly 19% of the index, so they have a huge impact on the performance of the index. The shares of both companies have risen sharply over the past year.


For years, the price-weighted nature of the index has been criticized for failing to accurately reflect the state of the Japanese stock market or, in the words of one critic, "the primitive man index of the abacus era".


It is also worth noting that the index does not include some of Japan's largest stocks, including game giant NintendoAnd robot automation company Keyence. The Nikkei 500 index, which includes the two stocks, broke its bubble peak in September last year and continues to set a new record.

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