Restaurant, real estate and banking drive Japan stock rally

Higher prices and interest rates lift domestic-demand shares

20230905N Nikkei

The Nikkei Stock Average finished at 33,036 points on Tuesday, the first time in roughly a month the index closed above the 33,000-point mark. (Photo by Yutaka Miyaguchi)

KOSUKE IGUCHI, Nikkei staff writer

TOKYO -- The Nikkei Stock Average rebounded on Tuesday into the 33,000 territory for the first time in roughly a month, the rally driven by late-blooming restaurant and banking sectors boosted by strong domestic demand and higher interest rates.

The Nikkei average closed at 33,036, which is still short of the year-to-date high of 33,753 recorded July 3. But several individual stocks jumped to new heights for the year.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.