Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. Nikkei 225
  4. News
  5. Summary
    N225   JP9010C00002


SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Japan's Nikkei closes above 30,000 on earnings rebound, economy growth hopes

02/15/2021 | 03:01am EDT
Men holding umbrellas walk near an electric board showing Nikkei index a brokerage in Tokyo

TOKYO (Reuters) - Japanese shares surged on Monday to close at over 30-year high on rising expectations for a rebound in corporate earnings and economic growth.

The Nikkei index ended up 1.91% at 30,084.15, reclaiming the psychologically important 30,000 level for the first time since August 1990. Energy, healthcare, and industrial shares led the gains.

The broader Topix rose 1.04% to 1,953.94 to close at its highest since June 1991.

Shares of companies that have reported positive earnings rose, as investors continued to bet on sectors expected to perform well as the global economy recovers from the coronavirus pandemic.

Japan is expected to start coronavirus vaccinations this week, which is also supporting stock prices. However, Japanese stocks have rallied 8% so far this month, and some analysts warn that the market may be overheating.

"Stocks have risen so fast you could say they've broken the speed limit," said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

"Earnings growth has already been priced in for at least a year from now. There is reluctance to chase the upside from here, but stocks won't fall too much."

Equities also got a boost after data showed Japan's gross domestic product grew faster than expected in the fourth quarter.

The stocks that gained the most among the top 30 core Topix names were Daiichi Sankyo Co Ltd up 3.6%, followed by Fanuc Corp, up 3.39%.

The underperformers among the Topix 30 were Hitachi Ltd down 0.94%, followed by Kao Corp that lost 0.48%.

There were 163 advancers on the Nikkei index against 59 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.15 billion, compared to the average of 1.26 billion in the past 30 days.

(Reporting by Stanley White; Editing by Vinay Dwivedi)

By Stanley White

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HITACHI, LTD. 0.83% 6599 End-of-day quote.62.34%
KAO CORPORATION 1.02% 6812 End-of-day quote.-14.53%
NIKKEI 225 0.58% 30500.05 Real-time Quote.11.13%
SANKYO CO., LTD. 0.18% 2835 End-of-day quote.1.61%
SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.33% 3971 End-of-day quote.24.56%
All news about NIKKEI 225
09/17Wall Street Futures in Holding Pattern Ahead of Fed Meeting Next Week
09/17Asian Stock Markets Choppily Higher On Bargain-Hunting, Tech Gains, Softer Ye..
09/17Nikkei 225 Gains 0.6% on Wall Street Cues, Tech Issues, Softer Yen
09/17NIKKEI 225 : IHS Market Makes Biggest Cut in Global Light Vehicle Production For..
09/17Japanese shares post 4th weekly gain on catch-up trade, chipmakers boost
09/17SBI : Japan's SBI to fight Shinsei poison pill, reject bid delay -Nikkei
09/17NIKKEI 225 : Japanese Shares Close Moderately Higher After Top COVID Adviser Say..
09/17NIKKEI 225 : Japanese Economy Grows at Slower Pace as Private Consumption, Indus..
09/17SHINSEI BANK : to use poison-pill defense against SBI's $1.1 bln bid
09/17SOFTBANK : Vision Fund's sold Coupang shares for $1.69 bln - Nikkei
More news
News of the index components NIKKEI 225
09:07aDAIICHI SANKYO : ENHERTU® Reduced the Risk of Disease Progression or Death by 72..
09/17TOYOTA MOTOR : Hydrogen-powered Engine Corolla Takes on the Challenge of Transpo..
09/17RAKUTEN : Sports schedule for Sunday, Sept. 19
09/17TOPPAN : Develops New Barrier Coated Paper for Packaging | TOPPAN
09/17TOPPAN : to Present Latest Security Solutions at Luxe Pack Monaco | TOPPAN
09/17TREND MICRO INCORPORATED : This Week in Security News - September 17, 2021
09/17Mitsubishi UFJ Financial Group Reportedly May Sell U.S. Banking Arm
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | N225 | JP9010C00002 | MarketScreener
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
Top / Flop NIKKEI 225
Heatmap :