Tokyo Stock Exchange to its highest level in 15 years

Tokyo Stock Exchange to its highest level in 15 years
The Nikkei index in Tokyo, on Thursday reached its highest level since May 2000, thanks to Sony and large banks.

- We see a retrieval by major banks this month, which sends Nikkei 225 up to its highest level in 15 years, said David Welch, head of shares in the Reorients Group, to Bloomberg News.

Nikkei index rose by 0.4 percent on Thursday, to 18,264.79, while the broader Topix index gained 0.8 percent to 1494.93.

While bank shares rose steadily on Thursday Sony shares went up by 4 percent after the presentation of a new action plan - focusing on game consoles and cameras.

Other parts of the Asian financial markets are closed due to the Chinese New Year celebrations. Stock markets in Seoul and Hong Kong opens first on Monday next week, while the Taiwan Stock Exchange and the Shanghai Stock Exchange opens respectively Tuesday and Wednesday next week.

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