Nikkei parties like it's 1989; scales record high

Japanese stocks reach a record peak, breaking levels last seen in 1989, as cheap valuations and corporate reforms attract foreign money looking for alternatives to battered Chinese markets. The Nikkei share average rises above its previous all-time peak, signaling a new era and escape from deflation. The milestone draws a line under decades of lacklustre performance.

Feb 22, 2024 - 17:30
 0
Nikkei parties like it's 1989; scales record high
Japanese stocks reach a record peak, breaking levels last seen in 1989, as cheap valuations and corporate reforms attract foreign money looking for alternatives to battered Chinese markets. The Nikkei share average rises above its previous all-time peak, signaling a new era and escape from deflation. The milestone draws a line under decades of lacklustre performance.

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