Japan’s Nikkei Ends at 33-Year High

The Nikkei index closed Friday at its highest level in around 33 years, boosted by hopes for a resolution to the US debt ceiling issue and the yen’s weakness that lifted exporter shares.

The 225-issue Nikkei Stock Average climbed 234.42 points, or 0.77 percent, from Thursday to 30,808.35, its highest finish since Aug. 1, 1990, according to (Kyodo) news agency.

The broader Topix index finished up 3.84 points, or 0.18 percent, at 2,161.69, its highest close since Aug. 3, 1990.

The Nikkei advanced for the seventh consecutive trading day, and the Topix index ended at a 33-year high for the fourth day in a row, following overnight rallies on Wall Street amid hopes that a deal on the debt ceiling to avert a default by the United States could be reached as early as next week, analysts said.

Source: Qatar News Agency

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