Tokyo’s price-focused Nikkei 225 equity index closed higher for the thirteenth straight day on Thursday, marking its longest winning streak since 1988.
The thirteen-day run of higher closes for the index, which like the Dow Jones Industrial Average weights stocks by price, is the longest on record since a 15-day run that ended on March 2, 1988.
The gauge’s rise of 5.4 per cent during the current streak is, however, less impressive than the climb of 8.5 per cent during the whole of the 1988 run, as well as when compared to the earlier rally’s first thirteen days – by which point the Nikkei had risen 6.7 per cent.
The benchmark Topix index, which focuses on market capitalisation, finished Thursday up 0.3 per cent, marking its ninth straight positive close.