Tokyo Stock Exchange
12:59 JST, January 15, 2024 (updated at 16:00 JST)
TOKYO (Reuters) – Japan’s Nikkei share average on Monday crossed the 36,000 mark for the first time in 34 years, powered by shippers and financials, with a retreat in U.S. bond yields and a stabilization in the yen exchange rate buoying sentiment.
The Nikkei finished the day nearly 1% higher at 35,901.73, after touching the highest since February 1990 at 36,008.23.
Value shares outperformed after lagging growth stocks last week when the Nikkei index booked its best performance in 22 months.
The broader Topix , which is less weighted towards technology shares than the Nikkei, rose 1.22% on the day and also touched a new 34-year high during the session.
The Topix value share sub-index climbed 1.55%, outpacing a 0.88% rise for the growth share sub-index.
The Tokyo Stock Exchange’s (TSE) shippers index jumped 5.3% to…
