Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002


SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Vaccine optimism, GDP data boost Japan stocks to 29-year high

11/15/2020 | 09:29pm EST

TOKYO, Nov 16 (Reuters) - Japanese stocks touched a 29-year high on Monday after the economy posted its first expansion in four quarters and as progress in developing a COVID-19 vaccine continued to lift global markets.

The Nikkei 225 Index was up 1.54% at 25,776.56 by 0200 GMT. At the open of trade, the Nikkei jumped to the highest since June 1991. The broader Topix gained 1.31% to 1,725.56.

Japan's economy grew at an annualized 21.4% clip, beating a median market forecast for an 18.9% gain, Cabinet Office data showed on Monday, marking the first increase in four quarters and followed a 28.8% plunge between April-June.

Vaccine optimism outshone worries about rising coronavirus cases globally, with news from Johnson & Johnson giving markets a further boost. The U.S. drugmaker launched a late-stage trial of its vaccine in Britain on Monday, shortly after promising developments from Pfizer and Moderna Inc about work on their respective drug studies.

Though some analysts advise caution in the near term as the United States and Europe are reintroducing restrictions to contain a recent surge in new infections, which could cause a brief spell of increased market volatility.

The stocks that gained the most among the top 30 core Topix names were Mitsubishi UFJ Financial Group Inc up 3.99%, followed by Honda Motor Co Ltd gaining 3.64%.

The underperformers among the Topix 30 were Nintendo Co Ltd down 1.38%, followed by Takeda Pharmaceutical Co Ltd losing 1%.

Shares of Rakuten rose 2.65% after the internet commerce company said it will team up with private equity firm KKR to buy a controlling stake in Japanese retailer Seiyu.

There were 206 advancers in the Nikkei index against 16 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.58 billion, compared with the average of 1.12 billion in the past 30 days.

(Reporting by Stanley White, Editing by Sherry Jacob-Phillips)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CYBERAGENT, INC. 1.07% 7590 End-of-day quote.6.75%
EISAI CO., LTD. 2.84% 7850 End-of-day quote.6.48%
HONDA MOTOR CO., LTD. -0.95% 2824.5 End-of-day quote.-1.84%
JAPAN POST HOLDINGS CO., LTD. 0.52% 835.8 End-of-day quote.4.11%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -0.62% 480 End-of-day quote.5.24%
MITSUI FUDOSAN CO., LTD. 0.91% 2054.5 End-of-day quote.-4.82%
MODERNA, INC. 12.20% 147 Delayed Quote.40.71%
NIKKEI 225 -0.96% 28546.18 Real-time Quote.5.02%
NINTENDO CO., LTD. -1.94% 62680 End-of-day quote.-4.79%
PFIZER INC. 2.00% 37.28 Delayed Quote.1.28%
RAKUTEN, INC. -0.92% 970 End-of-day quote.-2.41%
T&D HOLDINGS, INC. -1.49% 1253 End-of-day quote.2.96%
TAKEDA PHARMACEUTICAL COMPANY LIMITED 3.54% 3714 End-of-day quote.-1.09%
Z HOLDINGS CORPORATION -1.39% 690.1 End-of-day quote.10.52%
All news about NIKKEI 225
06:06aWall Street Leans Back Pre-Bell; Futures Red, Europe Higher, Asia Lower
05:49aWALL STREET STOCK EXCHANGE : Stocks Futures Waver After Hitting Fresh Records
04:10aU.S. Stock Futures Edge Down After Bigger Drops in Asia
02:52aNIKKEI 225 : Japanese Shares End Lower Tracking Asian Peers
02:48aNIKKEI 225 : Japanese Shares Trade Under Distress Amid Negative Sentiment from A..
02:39aChina shares end lower amid speculation of policy tightening
01:28aJapan shares end lower on vaccine delay, caution ahead of earnings season
01/25MARKET CHATTER : Japan's Household Appliances' Shipments Rise to 24-Year High in..
01/25Japan stocks slip on vaccine worries, profit-taking ahead of earnings
More news
News of the index components NIKKEI 225
07:49aSEIKO EPSON : Epson Printing and Scanning Solutions Earn Five BLI Winter 2021 Aw..
06:53aHONDA MOTOR : to further cut domestic output in February - sources
06:36aTAKEDA PHARMACEUTICAL : Achieves Industry-Leading Positions in 2021 Access to Me..
06:24aHITACHI : Selected as a constituent of "FTSE4Good Index Series" and "FTSE Blosso..
06:22aHITACHI : Selected as a constituent of 'FTSE4Good Index Series' and 'FTSE Blosso..
05:53aCHUGAI PHARMACEUTICAL : Obtains Approval for Expanded Use of FoundationOne CDx C..
05:53aCHUGAI PHARMACEUTICAL : Dissolution of Forerunner Pharma Research
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | N225 | JP9010C00002 | MarketScreener
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
Heatmap :