The main stock market index for the Tokyo Stock Exchange, the Nikkei, rose to 27264.03, hitting a level unseen since August 1999. The quotes were showing steady growth throughout 2020. The majority of sub-indexes even climbed to 29-year highs.
Monitoring the trading dynamics in the last week of 2020, experts recorded a sharp increase in the Nikkei index that measures the performance of 225 large companies in Japan. The robust growth in the Nikkei index happened right after a rapid surge in major US stocks. The new US pandemic aid bill gave trading floors around the world a great boost. The optimism of the US stock exchanges was strong enough to improve investor sentiment in Tokyo. Thus, the shares of Japan's leading companies in the manufacturing sector were strengthening. Another important stock index, Topix, tracking all domestic companies of the exchange's First Section, spiked along with the Nikkei. Notably, the Tokyo Stock Exchange experienced an increase like that only 29 years ago during the bubble economy years in Japan.
