As European markets latch onto Covid-19 vaccines to reduce the 2020 declines, the outlook in Asia is different and is approaching Wall Street milestones. The CSI 300 of mainland China stands out, with a 20% rebound, but the Nikkei 225, the main index of the Japanese Stock Exchange, gains prominence due to its long-term performance: it is at levels of three decades ago after adding 9% in the year. When the GDP for the third quarter was known last week, the selective exceeded 26,000 points, a level that has not touched since 1991, close to its maximum in the Japanese financial and real estate bubble at the end of the 80s.
