BUSINESS Japan's Nikkei ends at 30-year high on hopes for larger household payouts from US relief package

BUSINESS

Japan's Nikkei ends at 30-year high on hopes for larger household payouts from US relief package

Xinhua

15:47, December 29, 2020

TOKYO, Dec. 29 (Xinhua) -- Tokyo stocks closed higher Tuesday, with the benchmark Nikkei stock index hitting an over 30-year high, as hopes grew for direct payments under a new U.S. COVID-19 relief package to be expanded to 2,000 U.S. dollars per household from 600 U.S. dollars.

The 225-issue Nikkei Stock Average gained 714.12 points, or 2.66 percent, from Monday to close the day at 27,568.15, marking its highest closing level since Aug. 15, 1990.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 31.14 points, or 1.74 percent, to finish at 1,819.18.

Air transportation, service and land transportation-oriented issues comprised those that gained the most by the close of play.

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