Japan’s benchmark index Nikkei 225 closed up at the highest level since 1991 after global stocks continued to rally this week as investors prepare for a possible victory for Democrat Joe Biden.
The Nikkei enjoyed one of the biggest gains among its peers in Asia-Pacific, jumping 0.9 percent to 24,325.23 points on Friday. This is the highest mark for the benchmark index since the last decade of the 20th century, when Japan’s once-bustling economy collapsed and entered the so-called “Lost Decade.”
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