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.
