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By Reuters Staff 3 Min Read TOKYO, Feb 8 (Reuters) - Japanese shares rose sharply on Monday, with both Nikkei and Topix hitting 30-year highs, as strong corporate earnings lifted investor confidence for an economic recovery from pandemic lows. The Nikkei share average jumped 2.09% to 29,380.12 by 0210 GMT, the highest level since August 1990, while the broader Topix rose 1.75% to 1,923.96, the highest since June 1991. “With the vaccine rollouts and the fall in the number of daily COVID-19 infections, expectations for normalization of the economy is rising,” said Soichiro Matsumoto, chief investment officer Japan at Credit Suisse Private Banking. “Better-than-expected corporate performance in this environment is also lifting sentiment. Many U.S. firms have reported upbeat results and Japanese companies, particularly those sensitive to overseas demand, are following suit.” ....
Japanese shares surged on Monday, with both Nikkei and Topix hitting 30-year highs, as strong corporate earnings lifted investor confidence for an economic recovery from pandemic lows. ....
The Nikkei share average jumped 2.12 per cent to 29,388.50, the highest level since August 1990, while the broader Topix rose 1.75 per cent to 1,923.95, the highest since June 1991. ....