Nikkei Closes at Its Highest Level in More Than 31 Years

Japan’s Nikkei index closed at a more than 31-year high Tuesday, September 14th, led by cyclical stocks that tracked Wall Street’s gains, while progress in a domestic vaccination campaign boosted hopes of reopening the economy.

The Nikkei index rose 0.73% to close at 3,0670.10 points, its highest level since August 1990.

The broader TOPIX index jumped 1.01% to 2118.87 points.

The S&P 500 rose overnight, ending a five-day losing streak.

The gains of 33 sub-indices in the Tokyo Stock Exchange led the insurance sector, which rose 3.67%, followed by the shipping sector, which gained 2.14%.