Japan's Nikkei index touches 30,000 on post-Suga hopes

Tokyo market rallies on Prime Minister Suga's resignation announcement

20210907 nikkei stock on Sept. 7

The Nikkei Stock Average has climbed following Prime Minister Yoshihide Suga's resignation announcement, briefly topping 30,000 on Sept. 7. (Photo by Tetsuya Kitayama)

JADA NAGUMO, Nikkei staff writer

TOKYO -- Japan's blue-chip Nikkei Stock Average briefly surpassed the 30,000 mark for the first time in five months on Tuesday morning as Prime Minister Yoshihide Suga's resignation announcement continued to fuel investor optimism.

The benchmark index was up 1.3% at one point in morning trade before closing 0.9% higher at 29,916, advancing for a seventh consecutive trading session. The broader Topix index also continued to climb, closing at its highest level since August 1990, when the asset bubble burst in Japan.

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