Today, Monday, the Japanese Nikkei index exceeded the level of 36 thousand points for the first time in 34 years, supported by a rise in the shares of shipping companies and financial companies, with the decline in US Treasury bond yields and the stability of the yen exchange rate, which raised morale.
The Nikkei rose almost 1% to 35,901.73 points at the close after touching the highest level since February 1990 at 36,008.23 points.
Value stocks outperformed after growth stocks fell last week when the Nikkei posted its best performance in 22 months.
The broader Topix index rose 1.22% during the day and also touched its highest level in 34 years during the session.
The Tokyo Stock Exchange’s shipping companies index jumped 5.3%, leading gains among 33 industry indices in light of the geopolitical risks that led to a rise in shipping prices.
Shares of financial companies, which fell sharply last Friday, rebounded strongly. The index of stock companies on the Tokyo Stock Exchange rose 4.56%, and the banking index rose 2.19%.
