The Nikkei 225, Japan's representative stock index, closed at 39,894.54 on the last trading day of the year, the 30th. It ended the year at an all-time high, breaking the peak from the bubble economy era in 1989 for the first time in 35 years.
According to the Nihon Keizai (Nikkei) newspaper, the Nikkei index closed at 39,894.54, up 6,430 points or about 19% compared to the beginning of the year. This figure surpassed the 38,915 recorded at the peak of Japan's bubble economy in 1989 for the first time in 35 years. This year, the Nikkei index continued its record-breaking streak by reaching an all-time high of 42,224 on July 11.
According to Nikkei, 29 companies on the Tokyo Stock Exchange Prime Market saw their annual stock price increase exceed 100% this year. In particular, Fujikura, which produces optical fibers and electric wires, saw its stock price rise by 504% compared to the closing price at the end of last year. Nikkei also reported that the rise of major large corporations, including Toyota Motor Corporation, which recorded a market capitalization of 50.3 trillion yen (approximately 469 trillion won), was a major driving force behind the upward trend in the Japanese stock market.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
