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Tokyo surges to 30-year high as shares start week with rally

South Korea Japan India Australia city Bangkok city Tokyo city Shanghai city Hong Kong pandemic economy
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BANGKOK – Asian shares started the week off with a rally, as Japan’s Nikkei 225 index briefly topped 30,000 for the first time since August 1990.

As of midday the Nikkei had fallen back below that level but was still up 1.3%, at 29,914.02. Shares also rose in India, South Korea and Australia.

Markets in Shanghai and Hong Kong were closed for the Lunar New Year. The strong buying in Tokyo was driven by news that the Japanese economy grew at a nearly 13% annual pace in the last quarter, and by strong corporate earnings reports.

It was the second straight quarter of growth after a downturn drastically worsened by the impact of the pandemic. The recovery should put the economy on track to recover to pre-pandemic levels by next year, helped

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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