Wednesday, February 20, 2013
Nikkei Hits Post-Crisis High On Overseas Gains
TOKYO (NQN)--Tokyo stocks rose Wednesday, with the Nikkei Stock Average hitting its highest point in four years and five months, following overnight gains in the U.S. and Europe.
The benchmark index ended the day up 95.94, or 0.84%, at 11,468, hitting a 2012-'13 high for the first time in two weeks. The index reached its highest point since Sept. 29, 2008, when it hit 11,743.61.
The Dow Jones industrial average reached its highest point in more than five years overnight, supported by investor hopes for an economic recovery in Europe. Retail investors unloaded their shareholdings, while overseas players also provided support.
The trading value on the Tokyo Stock Exchange's first section hit 1.854 trillion yen on a preliminary basis.