Nikkei back above 30,000 after more than three decades

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By Hideyuki Sano TOKYO (Reuters) – Japan’s Nikkei share average rose above the 30,000 level for the first time in more than 30 years on Monday, as it regained the ground lost during decades of economic stagnation. Japanese stocks have capitalised on an anticipated global rebound from the COVID-19 pandemic this year, with the abundance of cyclical shares, such as electronic parts makers, attracting global investors. The break of 30,000 could open the way for test of all-time high of 38,957, touched at the end of 1989. The Nikkei’s epic downfall since then even dwarfed the Wall Street’s worst be…

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