Nikkei Stock Average temporarily rises to the 25,000 yen level for the first time in 29 years November 10, 13:27
On the 10th, the Nikkei Stock Average on the Tokyo Stock Exchange temporarily rose to the 25,000 yen level for the first time in 29 years during trading hours.
In the afternoon, there are moves to sell higher-priced stocks in order to secure profits.
In the New York market on the 9th, the Dow Jones Industrial Average hit a new high during the trading hours due to the declaration of victory by former Vice President Joe Biden in the US presidential election and expectations for the development of a vaccine for the new coronavirus.
The Tokyo market has taken over this trend, but the Nikkei Stock Average has continued to rise since the beginning of this month, and the rate of increase has exceeded 1800 yen in five business days until the 9th.
Market officials said, "The Japanese economy is still in a difficult situation, and there are concerns about the rapid spread of infection again. There is also a view that the recent rise in stock prices may be far from the actual state of the economy. It's easier to place sell orders to secure profits. "