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Nikkei index hits 30,000 for first time in three decades

Vaccine hopes and Trump acquittal boost investor appetite for risk

 Strong corporate earnings and vaccine optimism helped propel Japanese shares to their highest level in three decades. (Photo by Yo Inoue) 

TOKYO -- Japan's benchmark Nikkei Stock Average breached the 30,000 mark on Monday for the first time in nearly 31 years, as strong corporate earnings and GDP data coupled with optimism over COVID-19 vaccine development prompted investors to flock to risk assets.

The blue-chip Nikkei index jumped over 500 points, or nearly 2%, to hit its highest level since August 1990, when the asset bubble burst in Japan. The broader Topix gauge rose 1% to a three-decade high.

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