Nikkei Stock Average Recovers to 25,000 Yen November 10 for the first time in 29 years since 1991 09:07
The Nikkei Stock Average has rallied to the 25,000 yen level for the first time in 29 years during the closing time of the Tokyo Stock Exchange on October 10, as buy orders increased immediately after the start of the business. Expectations for the development of vaccines for the new coronavirus have taken over the trend of a significant rise in the Dow Stock Average in the New York market on September 9.
With former Vice President Biden declaring victory in the U.S. presidential election and expectations for the development of a new coronavirus vaccine, the Dow’s stock price rose to an all-time high in the New York market on Friday.
In the Tokyo market, this trend has been taken over, but it has been pointed out that the rise in the price of the Nikkei Stock Average exceeded 1800 yen in the five business days up to the 9th, and that stock prices are far from the real economy.
A market official said, “The spread of the new coronavirus is spreading again in Europe and the United States, and there are concerns about the spread of the new coronavirus in Japan. Stock prices are rising significantly, but we also need to look closely at developments in the real economy.”