Japan shares hit 33-year high and perform better than SPX
Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak.
The Nikkei Stock Average has added around 30% in the year to date and nearly 8% over the past month, compared with $S&P 500(.SPX)$ , which has risen 18% and 7% in those periods.
This year's surge in Japanese stocks is attributable to a number of factors, including a weaker yen, inflation and corporate governance reforms.
Top performers in the constituents of the Nikkei Stock Average as of Monday morning included $Tokio Marine Holdings, Inc.(TKOMY)$ , which was up nearly 7%, $Panasonic Holdings Corporation(PCRFY)$ , which gained 5%, and $DAI Nippon Pharmaceutical (DNPUF)$ , which added almost 4%.
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