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New faces and overseas earners lead Nikkei to fresh 27-year highs

The likes of SoftBank, Docomo, Keyence and Recruit crowd top 10 market cap list

Four of Japan's top 10 stocks by market cap, including tech powerhouse SoftBank Group, were not yet listed when the Nikkei Stock Average last reached current levels in 1991.
Four of Japan's top 10 stocks by market cap, including tech powerhouse SoftBank Group, were not yet listed when the Nikkei Stock Average last reached current levels in 1991.   © Reuters

TOKYO -- The Nikkei Stock Average closed at a second straight 27-year high on Tuesday as investors took stock of a fresh lineup of leading Japanese blue chips that has shifted toward younger and more global companies since the bubble era.

The index gained 24 points from Monday's session to finish at 24,270, a height last seen in November 1991 amid the collapse of Japan's asset bubble. Comparing Tuesday's top 10 issues by market capitalization with those of 27 years earlier reveals major changes.

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