Japan Stocks Closed at Highest Level in More Than 29 Years

Japanese stocks rose Thursday, November 26, to close at the highest level in more than 29 and a half years, as technology stocks went on the path of their American counterparts on the Nasdaq index, but the gains were limited by concerns about the latest restrictions to combat the Coronavirus at the local level, which impede the economic recovery.

The benchmark Nikkei index rose 0.91% to close at 26537.31 points, the highest level since April 1991. 101 shares rose on the index against a decline of 118. The broader Topix index rose 0.6% to 1778.25 points.

The telecommunications, precision instruments and electrical appliances sectors were among the highest performing sectors in the main stock exchange, posting increases between 1.51 and 1.79%.

The market opened lower, but the general trend quickly changed with the rise of technology-related stocks and investors reaping gains, supported by the closing of the US Nasdaq index, full of technology stocks, up 0.47%.