Japan’s Nikkei closed above 30,000 points for the first time in 20 months

On Wednesday, Japan’s Nikkei index closed above 30,000 points for the first time since September 2021, supported by a weaker yen and a strong domestic earnings season.

The Nikkei index ended Wednesday’s trading up 0.84 percent at 30,093.59 points, after hitting a high of 30,115.32 points in the afternoon session.

The index has now risen between 0.73 and 0.9 percent in each of the past four sessions, in a streak coinciding with the earnings reporting season.

As for the broader Topix index, it performed moderately and closed up 0.3 percent to 2,133.61 points. But it again reached its highest level in 33 years, which it recorded on Tuesday, when it rose to 2136.39 points in early afternoon trading.

The domestic earnings season largely concluded on Monday with a string of strong results and several share buybacks during the week.