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 NewsNews of the index componentsMarketScreener Strategies

Nikkei ends near 29-1/2-year high on vaccine, stimulus hopes

12/01/2020 | 01:30am EST

TOKYO, Dec 1 (Reuters) - Japan's benchmark Nikkei closed near a 29-1/2-year high on Tuesday, tracking gains in U.S. stock futures over growing optimism that major drugmakers will roll out coronavirus vaccines before year-end.

The Nikkei 225 index ended up 1.34% at 26,787.54, near its highest level since April 1991, hit earlier in the session. The broader Topix rose 0.77% to 1,768.38.

Securities brokerages, non-ferrous metals and metal products led the advance on the main bourse.

Japanese stocks got off to a bright start after Moderna Inc said it had applied for U.S. emergency authorization for its COVID-19 vaccine. Moderna's candidate is the second vaccine likely to win U.S. approval for a potential rollout this year.

In addition, Japan's government has vowed to compile a stimulus package to help the economy mitigate short-term economic impacts from a recent rise in coronavirus infections.

"There may be some slight adjustments, but Japanese stocks won't fall very far," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co.

"Approval of a vaccine is a big boost. Some traders are also focused on an increase in Japanese fiscal spending."

Gains in U.S. stock futures, up more than 0.8% in Asian trade, and strong Chinese factory activity data also bolstered Japanese shares.

The stocks that gained the most among the top 30 core Topix names were Fanuc Corp, up 3.09 %, and Shin-Etsu Chemical Co Ltd, up 2.8%.

The underperformers among the Topix 30 were Nintendo Co Ltd , down 3.19%, and Recruit Holdings Co Ltd, which lost 2.89%.

There were 193 advancers on the Nikkei index against 30 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.33 billion, compared to the average of 1.27 billion in the past 30 days.

(Reporting by Stanley White and Eimi Yamamitsu; Editing by Subhranshu Sahu and Vinay Dwivedi)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FANUC CORPORATION -2.31% 26890 End-of-day quote.6.03%
FUJI ELECTRIC CO., LTD. -1.10% 4030 End-of-day quote.8.48%
FURUKAWA ELECTRIC CO., LTD. -0.75% 2904 End-of-day quote.4.39%
KOKUSAI CO., LTD. 0.14% 733 End-of-day quote.0.69%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -1.35% 491.2 End-of-day quote.7.70%
MODERNA, INC. -0.05% 129.65 Delayed Quote.24.10%
NIKKEI 225 -0.97% 28242.21 Real-time Quote.3.92%
NINTENDO CO., LTD. -0.23% 65540 End-of-day quote.-0.44%
NTN CORPORATION -1.49% 265 End-of-day quote.0.00%
RAKUTEN, INC. -1.70% 984 End-of-day quote.-1.01%
RECRUIT HOLDINGS CO., LTD. -1.50% 4465 End-of-day quote.3.33%
SHIN-ETSU CHEMICAL CO., LTD. -0.45% 18865 End-of-day quote.4.57%
SUMCO CORPORATION -3.15% 2339 End-of-day quote.3.36%
TOKYO GAS CO.,LTD. 1.20% 2357 End-of-day quote.-1.13%
All news about NIKKEI 225
01:20aShares climb on China's economic recovery, with earnings in focus
01:18aShares climb on China's economic recovery, with earnings in focus
01/18Japan shares advance as investors look for bargains after retreat
01/18NIKKEI 225 : Japan's Production Capacity Declines in November 2020
01/18Japan firms see capex rebound in FY2021 despite COVID hit
01/18EQS-NEWS : HMVOD - The next Netflix growing up before our eyes
01/18Japan's nikkei average futures up 0.64% in early trade
01/18Global stocks waver as COVID-19 fears trump recovery hopes
01/18Stocks waver as COVID-19 fears trump recovery hopes
01/18Weekly market update : Volatility could reappear
More news
News of the index components NIKKEI 225
01:18aNOTICE CONCERNING RESULTS OF TENDER : 9681) and Change in Subsidiary(252KB)
01:08aZ : Yahoo! JAPAN Declares “FY2023 100% Renewable Energy Challenge…
01/18MITSUI CHEMICALS : ChemicalsVerifies Effects of NeoContrast™ Wavelength-Co..
01/18MITSUBISHI CORPORATION : Commercial Operations Commence at Methanol / Dimethyl E..
01/18NOMURA : Builds International Wealth Management with Key Hires
01/18KONICA MINOLTA : and Change Start Providing AI Toward Local Governments DX
01/18ADVANTEST : Selected as 2020 Winner Company in JACD Corporate Governance of the ..
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
Heatmap :