Monday, 08 February 2021 12:55

Tokyo stocks end sharply higher on hopes for global economic recovery Featured

TOKYO, Feb. 8 (Xinhua) -- Tokyo stocks finished sharply higher Monday, with the benchmark Nikkei stock index hitting a 30-year closing high, as expectations for a hefty U.S. stimulus package to be implemented to tackle the pandemic raised hopes for the broader pace of the global economic recovery.

The 225-issue Nikkei Stock Average climbed 609.31 points, or 2.12 percent, from Friday to close the day at 29,388.50, marking its highest closing level since Aug. 3, 1990.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 33 points, or 1.75 percent, at 1,923.95, to book its highest close since June 5, 1991.

Iron and steel, mining and marine transportation-linked issues comprised those that gained the most by the close of play.