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Japan’s Nikkei stock market hits 21-year high

“Shares in financial firms, which invest in high-yielding products such as foreign bonds, staged a rally, with Mitsubishi UFJ Financial Group surging 2.8% and Mizuho Financial Group soaring 1.9%” writes Ayai Tomisawa for businessinsider.com. Tech shares rose after Amazon.com, Microsoft, Alphabet’s Google and Intel posted stellar quarterly earnings on Thursday.TOKYO, Oct 27 (Reuters) – Japan’s Nikkei share average surged more than 1% to a fresh 21-year high on Friday, led by banking shares as US yields remained high and by tech shares after their US counterparts posted strong earnings.
 
Source: businessinsider.com



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