Japan's Nikkei Tops 50,000 Level for First Time on Stimulus Euphoria
Reuters
Oct 27
TOKYO, Oct 27 (Reuters) - Japan's Nikkei share average climbed past the 50,000 level for the first time on Monday, continuing a run of successive records on expectations of sizeable spending from the nation's new prime minister.
Crossing the key psychological threshold is the latest milestone for the blue-chip share gauge that has been red hot since fiscal dove Sanae Takaichi began her ascent to power.
The Nikkei 225 Index .N225 jumped 2% to 50,299.41 in early trading.
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