Nikkei Stock Average Closes at 24,325 yen, 29-year high

Nikkei Stock Average Close at 24,325 yen November 6, 29-year high 15:38

The closing price of the Tokyo Stock Exchange and the Nikkei Stock Average rose to a 29-year high of more than 24,300 yen on June 6. With the election of the U.S. presidential election, the view that uncertainty will ease for the time being has widened and buy orders have increased.
On The 6th, the Tokyo Stock Exchange and the Nikkei Stock Average closed at 219.95 yen, higher, at 24,325.23 yen, the highest in 29 years since November 1991.
The price increase during this fiscal year has exceeded 1300 yen for the fourth consecutive business day.

The Tokyo Stock Exchange Index and Topics rose 8.55 to 1658.49.
The volume per day was 1.23,212 million shares.

The rise in stock prices comes as investors say that the U.S. presidential election will ease uncertainty for the time being as former Vice President Biden, a Democrat, approaches winning the electoral candidates needed to win the election.

In order to take over the flow of stock price rise in the New York market on the 5th, many stocks in the Tokyo market also collected buy orders.

In addition, some companies’ performance improved faster than expected in the interim financial results, which was a factor in boosting stock prices.

Market insiders said: “The outcome of the presidential election has not been finalized, and there is still a possibility that the court battle will be prolonged. It is difficult to see whether stock prices will continue to rise as they are.”