The Nikkei Tokyo Stock Exchange closed higher today. Because investors responded to the news reports that Shanghai plans to end lockdown measures on June 1 to allow people to resume normal life.
The Nikkei Index closed at 26,547.05, up 119.40, or +0.45%.
Kyodo News Agency reported that The Nikkei Index closed in positive territory following Song Min, deputy mayor of Shanghai, said today. Shanghai plans to end lockdown measures on June 1 to allow people to resume normal life. After more than six weeks of lockdown measures have severely impacted the economy. Ms Song’s statement came shortly following another deputy mayor of Shanghai, Chen Dong, told the press: Shanghai will allow supermarkets Department stores, restaurants and hair salons resumed operations today (May 16) following they were locked down for weeks to prevent the spread of the coronavirus. 19 under the Chinese government’s zero-tolerance policy
