Tokyo Shares experience a 6-Year High
The bulls in Tokyo return with a strong comeback. The Nikkei Stock Average hit its highest closing mark on Thursday, nearly after six years, as another gush in the dollar gave hopes for better profits ahead for Japan Inc. On Thursday the Japanese stocks leaped as the yen remained near a six-month low, leading a broader advance by Asian markets after U. S. benchmarks rose to record levels.
Japan's motivating force, exporters will be the main beneficiaries of the yen's weakness, as buyers with dollars will find it cheaper to buy cars and electronics from export manufacturers like Toyota and Sony.
Hong Kong's Hang Seng climbed 0.5 percent to 23,929.42 and South Korea's Kospi rose 0.7 percent to 2,043.51
China's Shanghai Composite rose 0.7 percent to 2,217.31. Australia's S&P/ASX 200 edged up 0.2 percent to 5,342.90. Markets in Southeast Asia also experienced growth.
The Dow Jones industrial average went up 0.2 percent to a record 16,097.33 in its longest winning streak ever since March. The Standard & Poor's 500 climbed 0.3 percent to an all-time high of 1,807.23. The Nasdaq composite was up 0.7 percent to 4,044.75.
Due to Thursday's Thanksgiving holiday, trading volumes were lesser than average when U. S. financial markets will be closed. On Friday, The New York Stock Exchange and the Nasdaq will also close early.
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