On February 3, after the market closed, the Nikkei index in Japan reached a three-decade maximum. The increase of the index was supported by strong financial sector stocks following the publication of better-than-expected financial reports.
As analysts note, investors remain optimistically tuned due to hopes that financial companies in Japan will show strong financial results in the current financial year.
"The increase in the attractiveness of financial sector stocks helped the Nikkei reach a new maximum after a prolonged period of uncertainty amid the pandemic," noted one of the analysts.
