Japan's Nikkei hits eight-month high crossing 29,000 on weak yen boost
newscatcher
2023-05-02 01:32
Japan's Nikkei hits eight-month high crossing 29,000 on weak yen boost
TOKYO Japan's Nikkei share average hit a more than eight-month high on Monday (May 1), topping the key psychological 29,000 level, after the Bank of Japan's (BOJ) continued its dovish stance pushed the yen to a nearly two-month low. Rail and airlines were the best performing of the Tokyo Stock Exchange's (TSE) 33 industry sectors on the potential boon to tourism, while exporters including automakers rose amid a boost to the value of overseas sales. Tech services provider NEC surged 14% after strong earnings to be the best performing Nikkei stock by a wide margin.

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