Nikkei Stock Average ends year at 29-year high.

Japan's Nikkei has closed out 2019 as one of the region's best performers.

2019-12-30


The benchmark index ended at 23,656.62, up 3,641.85 points, or 18.20 percent, from the 2018 closing. Tokyo shares plummeted on multiple occasions this year, as market players became wary of the trade friction between the United States and China, with no end in sight. But shares began to rise in the fall, as trade talks between the two economic powers reportedly showed progress.


The Nikkei index closed above the 24,000 mark for the first time in 14 months in December, after the two countries announced they have reached a "phase one" trade deal. Market participants say the index set a new high for the year three times this month, prompting players to place sell orders to mark gains.


They say players remain concerned of what the future may bring, including the outcome of the US-China trade deal, and how Japanese firms will perform, although stock prices are on an upward trend.


The New Year's Tokyo Stock Exchange will open from January 6. I wish you good luck for the next year.


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