Japan’s Nikkei Reaches 15 Year Record

March 12, 2015 Share Print 0

The Nikkei index briefly climbed above 19,000 for the first time in nearly 15 years Thursday as investor sentiment was buoyed by optimism toward the Japanese economy.

The 225-issue Nikkei Stock Average climbed as far as 19,008.13 points, the highest intraday level since April 2000. It ended the day up 267.59 points, or 1.43 percent, from Wednesday at 18,991.11.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 20.96 points, or 1.37 percent, higher at 1,546.63.

Major gaining industry sectors included insurance, air transport and real estate.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.