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Nikkei Marks New 1990 High In Pre-Elecciones Weeks

The Nikkei, Japan’s leading stock index, is in luck. Not only has it recovered to pre-pandemic levels, it posted a 0.73% rise on Tuesday and is already trading at levels it had not seen since the mid-1990s.

From the lows marked in August, the Japanese selective rebounded by 13.5% and the rise is greater than 85% when compared to the lows of the pandemic , registered in mid-March 2020. On Tuesday the day ended at 30,670, 10 integers, its best close since August 1, 1990, when it ended at 30,837.99 points, in the middle of the financial bubble.

Optimism has gripped investors as the economy recovers. The Tokyo parquet has closed in green all the days, except one, that has been since the Japanese Prime Minister, Yoshihide Suga, announced that he will not stand for re-election as leader of the ruling party.

This change in leadership has raised expectations about new economic stimuli, as the main candidates to succeed Suga have opted to mobilize additional aid packages to overcome the impact of the pandemic.

The Nikkei, Japan’s leading stock index, is in luck. Not only has it recovered to pre-pandemic levels, it posted a 0.73% rise on Tuesday and is already trading at levels it had not seen since the mid-1990s.

From the lows marked in August, the Japanese selective rebounded by 13.5% and the rise is greater than 85% when compared to the lows of the pandemic , registered in mid-March 2020. On Tuesday the day ended at 30,670, 10 integers, its best close since August 1, 1990, when it ended at 30,837.99 points, in the middle of the financial bubble.

Optimism has gripped investors as the economy recovers. The Tokyo parquet has closed in green all the days, except one, that has been since the Japanese Prime Minister, Yoshihide Suga, announced that he will not stand for re-election as leader of the ruling party.

This change in leadership has raised expectations about new economic stimuli, as the main candidates to succeed Suga have opted to mobilize additional aid packages to overcome the impact of the pandemic.

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