Japan’s Nikkei index closed Tuesday, December 1, near its 29-and-a-half-year high, tracking gains in US equity futures thanks to growing optimism that major pharmaceutical companies will introduce a coronavirus vaccine before the end of the year.<\/p>\n\n\n\n
The benchmark Nikkei Index rose 1.34% to close at 26,787.54 points, near its highest level since April 1991, and reached earlier in the session. The broader Topix index rose 0.77% to 1,768.38 points.<\/p>\n\n\n\n
Shares of brokerage firms in securities, non-ferrous metals and mineral products led the gains on the main exchange.<\/p>\n\n\n\n
Japanese stocks began their activity on the rise after Moderna said it had applied for an urgent US license for its Covid-19 vaccine. The Moderna vaccine is the second candidate likely to receive potential US approval for distribution this year.<\/p>\n\n\n\n
In addition, the Japanese government pledged to gather a stimulus package to help the economy limit the short-term economic impacts of the latest spike in coronavirus infections. Japanese stocks were also supported by gains in US equity futures, which rose more than 0.8% in Asian trade, and strong data on factory activities in China.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index closed Tuesday, December 1, near its 29-and-a-half-year high, tracking gains in US equity futures thanks to growing optimism that major pharmaceutical companies will introduce a coronavirus vaccine before the end of the year. The benchmark Nikkei Index rose 1.34% to close at 26,787.54 points, near its highest level since April 1991, and …<\/p>\n","protected":false},"author":9,"featured_media":32812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[6939,6971],"class_list":["post-37910","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=37910"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37910\/revisions"}],"predecessor-version":[{"id":37911,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37910\/revisions\/37911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32812"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}