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Markets

Tokyo stocks weather trade war for best finish since 1990

Thin trading hints at uncertainty as banks and automakers lag

The Nikkei Stock Average rallied in the second half of 2019 to its highest year-end close since Japan's economic bubble burst. (Photo by Arisa Moriyama)

TOKYO -- The Nikkei Stock Average concluded the final trading day of 2019 at its highest year-end level in nearly three decades, after a year in which interest rate cuts around the world buoyed asset prices.

The benchmark index closed at 23,656.62 on Monday, down 181.10 points from Friday but up 18% for the year for the highest finish since 1990. Total market capitalization of the Tokyo Stock Exchange's first section came to 655 trillion yen ($5.98 trillion).

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