Stock markets across the Asia-Pacific region closed in the green on Thursday, amid renewed optimism over trade talks ahead of a meeting between US President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week. The Nikkei 225 climbed 252 points, or 1.2%, to 21,338; the Shanghai Composite index rose 21 points, or 0.7%, to 2,998; the Hang Seng jumped 374 points, or 1.3%, to 28,596; the Kospi gained 12 points, or 0.6%, to 2,134; and the S&P/ASX 200 added 26 points, or 0.4%, to 6,666. Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38915.87 in December of 1989 and a record low of 85.25 in July of 1950.
The Japan NIKKEI 225 Stock Market Index is expected to trade at 20252.95 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 19354.42 in 12 months time.