Japan's Nikkei ends at 30-year high on hopes for larger household payouts from US relief package
Xinhua | Updated: 2020-12-29 16:50
TOKYO - Tokyo stocks closed higher Tuesday, with the benchmark Nikkei stock index hitting an over 30-year high, as hopes grew for direct payments under a new US COVID-19 relief package to be expanded to $2,000 per household from $600.
The 225-issue Nikkei Stock Average gained 714.12 points, or 2.66 percent, from Monday to close the day at 27,568.15, marking its highest closing level since Aug. 15, 1990.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 31.14 points, or 1.74 percent, to finish at 1,819.18.
Air transportation, service and land transportation-oriented issues comprised those that gained the most by the close of play.
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