Nikkei hits 30-year high on financials gain

The Nikkei average closed 1.60% higher at 27,490.13, hitting its highest level since August 1990 at one point during the session and snapping a four-day losing streak.

TOKYO: Japanese shares ended higher, with the Nikkei touching a 30-year peak, powered by financials as US bond yields climbed on expectations of larger stimulus following a Democrat sweep in two Senate runoffs in Georgia.

The Nikkei average closed 1.60% higher at 27,490.13, hitting its highest level since August 1990 at one point during the session and snapping a four-day losing streak.