Japan’s Nikkei Index Reaches Highest Level in 30 Years

The Nikkei benchmark hit a six-month high Thursday, September 3 and its strongest in three decades in dollar terms, as hopes for more domestic and global economic stimulus boosted sentiment.

The Nikkei Index rose 0.94% to 23,465.53 points, its highest closing level since February 21. In dollar terms, this index puts it at the highest level since 1990.

The broader TOPIX index rose 0.48% to 1631.24 points, the highest level in 6 months.

Fast Retailer, which has the heaviest weight on the Nikkei index compared to TOPIX, rose 3.6% after the company reported strong domestic sales for the month of August.