Tokyo, Oct. 20 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average on Monday ended above 49,000 for the first time, reflecting waning concerns over Japan’s political situation. The Nikkei average closed at 49,185.50, up 1,603.35 points, or 3.36 pct, from Friday, hitting an all-time closing high. Investors’ risk appetite grew following news reports that the ruling Liberal Democratic Party and Nippon Ishin no Kai (Japan Innovation Party) reached a substantive agreement to form a coalition. END [Copyright The Jiji Press, Ltd.]
Nikkei Average Ends above 49,000 for 1st Time
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