Nikkei Index Hits Highest in 33 Years for Two Consecutive Days... Up 21% This Year

4 Consecutive Trading Days of Upward Trend

The Japan Nikkei 225 average stock price (hereinafter referred to as the Nikkei index) continued its highest streak in 33 years for two consecutive days.

On the 30th, the Nikkei index closed at 31,328, up 0.30% (94 points) from the previous day in the Tokyo Stock Exchange.

On the 29th, the Nikkei index electronic board in Japan (Photo by Yonhap News)

The Nikkei index rose for four consecutive trading days including this day. Following the previous day, it also broke the highest record in about 33 years since July 1990.

According to NHK reports, market officials explained that stock prices rose as the yen showed weakness and concerns over the US federal government debt ceiling issue eased.

Since the beginning of this year, the Nikkei index has risen about 21%.