Nikkei Hits 34-Year High, Surpassing 36,000 Mark

Boosted by shippers and financials, the index's rise is also supported by a retreat in U.S. bond yields and a stable yen exchange rate.

The Nikkei average crossed the 36,000 mark for the first time in 34 years, powered by shippers and financials.
A retreat in U.S. bond yields and a stabilization in the yen exchange rate buoyed sentiment.
The Tokyo Stock Exchange's (TSE) shippers index jumped 5.66 per cent, leading gains among the 33 industry groups.
Shares of financials rebounded strongly, with the TSE's index of securities firms rallying 4.34 per cent.
Despite signals from some technical indicators of overheating, the Nikkei is displaying surprising strength.