Japanese shares closed higher on Thursday, while the Nikkei index hit a 30-year high with the support of financial stocks, as US Treasury yields rose thanks to hopes of greater stimulus following a Democratic sweep in a two-seat Senate election in Georgia.<\/p>\n\n\n\n
The Nikkei index closed more than 1% higher at more than 27,000 points, reaching its highest level since August 1990 during the session and ending a four-day losing streak.<\/p>\n\n\n\n
The broader Topix index rose more than 1% to 1,826 points, surpassing its peak late last year, its highest since October 2018.<\/p>\n\n\n\n
Investors’ appetite was not affected by the chaos in Washington, DC, after loyalists of US President Donald Trump swept the US Congress, forcing him to suspend a session to ratify the victory of President-elect Joe Biden.<\/p>\n\n\n\n
Shares of Japanese banks and insurance companies, which are major investors in US debt, received a boost after US bond yields rose strongly.<\/p>\n\n\n\n
Insurance company Dai-ichi Life Holdings rose more than 7%. Among banks, Sumitomo Mitsui Financial Group gained more than 5%, while Mizuho added more than 3%, and Mitsubishi Financial Group rose more than 3%.<\/p>\n\n\n\n
SoftBank Group shares fell more than 1% after news that the Trump administration was considering adding Alibaba Group Holding Group to a commercial blacklist of Chinese companies.<\/p>\n\n\n\n
Softbank is the largest shareholder in the Chinese e-commerce giant.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese shares closed higher on Thursday, while the Nikkei index hit a 30-year high with the support of financial stocks, as US Treasury yields rose thanks to hopes of greater stimulus following a Democratic sweep in a two-seat Senate election in Georgia. The Nikkei index closed more than 1% higher at more than 27,000 points, …<\/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":[39,36],"tags":[6939,6971],"class_list":["post-39535","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39535","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=39535"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39535\/revisions"}],"predecessor-version":[{"id":39536,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39535\/revisions\/39536"}],"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=39535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}