Nikkei Index Recovers to 32,000 Level for the First Time in 33 Years

Japan's Nikkei 225 average stock price (Nikkei index) hit its highest level in 33 years.

The Nikkei index closed at 32,217 on the 5th at the Tokyo Stock Exchange, soaring 693 points (2.20%) from the previous day. Starting this year at 25,834, the Nikkei index has risen by about 25%.

This is the first time in about 33 years since July 1990 that the Nikkei index has recovered the 32,000 level. It rose for three consecutive trading days up to this day and recorded the largest increase this year.

The Japanese stock market has seen a significant inflow of foreign capital due to concerns over slowing growth caused by interest rate hikes in the US and Europe, and the solid earnings reports from Japanese companies have supported the upward trend.