By Reuters Staff
(Updates to close)
TOKYO, Jan 7 (Reuters) - Japanese shares ended higher on Thursday, with the Nikkei touching a 30-year peak, powered by financials as U.S. bond yields climbed on expectations of larger stimulus following a Democrat sweep in two Senate runoffs in Georgia.
The Nikkei average closed 1.60% higher at 27,490.13, hitting its highest level since August 1990 at one point during the session and snapping a four-day losing streak.
The broader Topix added 1.68% to 1,826.30, climbing above a peak hit late last year to reach its highest level since October 2018.
Investor appetite was not dented by the chaos in Washington D.C. after supporters of President Donald Trump stormed Capitol Hill, forcing Congress to suspend a session to certify President-elect Joe Biden’s victory.
By Reuters Staff
(updates with reaction to COVID-19 state of emergency)
TOKYO, Jan 7 (Reuters) - Japanese shares ended higher on Thursday, with the Nikkei touching a 30-year peak, powered by financials as U.S. bond yields climbed on hopes of larger stimulus following Democrat victories in two Senate runoffs in Georgia.
The Nikkei average closed up 1.60% at 27,490.13, hitting its highest level since August 1990 at one point during the session and snapping a four-day losing streak.
The broader Topix added 1.68% to 1,826.30, climbing above a peak hit late last year to reach its highest level since October 2018.
Investor appetite was not dented by the chaos in Washington D.C. after supporters of President Donald Trump stormed Capitol Hill, forcing Congress to suspend a session to certify President-elect Joe Biden’s victory.
5 Min Read
WASHINGTON/SHANGHAI (Reuters) -The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday.
Targeting Asia’s two most valuable companies would be U.S. President Donald Trump’s most dramatic step yet in a recent raft of measures unleashed against Chinese companies as he seeks to cement his hardline policy against Beijing during his final days in office.
Defense Department officials, who oversee the blacklist designations, have not yet finalized plans and are also discussing adding other Chinese firms to the list, the sources said, speaking on condition of anonymity because the deliberations are private.