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Nikkei hits new post-financial-crisis high

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Capital Market
Headline equities of the Japanese market took another ride on the upside, with the benchmark Nikkei Stock Average rising 166.78 points, or 0.94%, to 17887.21, a new post-financial-crisis high, on Thursday, 04 December 2014. The risk appetite buying was propelled by tracking positive cues from Wall Street overnight and yen weakening against the greenback. Meanwhile, momentum was also underpinned on strengthening expectations that the government will continue carrying out its economic reform programs after local media polls suggested Prime Minister Shinzo Abe's ruling party would score a sound victory in upcoming elections.

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First Published: Dec 04 2014 | 3:22 PM IST

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