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Japanese stocks exceed 30,000 points for the first time in 20 months

May 17, 2023

stock movements

The Nikkei index ended the day up 0.84% ​​at 30,093.59 points, after hitting a high of 30,115.32 points in the afternoon session.

The index has risen around 0.73% and 0.9% in each of the past four sessions, in a succession that has coincided with earnings reporting season.

As for the broader Topix index, it performed moderately, closing up 0.3% at 2,133.61 points.

But it was again at its 33-year high, which it recorded on Tuesday, when it rose to 2136.39 points in the early afternoon.

The domestic earnings season largely ended on Monday with a string of strong results and several stock buybacks during the week.

During Tuesday’s session, the Nikkei index consolidated its gains, rising 0.73% to 29,842.99 points, marking the highest closing level since November 2021.

Read the Latest World News Today on The Eastern Herald.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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