Japan's stock market is on fire!
👉 Key Highlights:
📍 Japan's Nikkei 225 surpasses 40,000 for the first time, up 0.66%, setting a new record high.
📍 The Topix index remains flat after reaching a new peak at 2,700.
📍 Asia markets rally, tracking Wall Street gains, with a focus on global economic indicators and China's policy directions.
📍 Japan's Nikkei 225 surpasses 40,000 for the first time, up 0.66%, setting a new record high.
📍 The Topix index remains flat after reaching a new peak at 2,700.
📍 Asia markets rally, tracking Wall Street gains, with a focus on global economic indicators and China's policy directions.
Japan's benchmark Nikkei Stock Average reached the key milestone of 40,000 on Monday, mainly led by gains in semiconductor stocks, which have been boosted by expectation of higher demand for generative artificial intelligence.
The index closed up 198.41 points, or 0.5%, from Friday's close, at 40,109.23. Semiconductor-related stocks such as equipment makers Tokyo Electron and Advantest led the gain, rising 2.4% and 3.7% respectively.
The index closed up 198.41 points, or 0.5%, from Friday's close, at 40,109.23. Semiconductor-related stocks such as equipment makers Tokyo Electron and Advantest led the gain, rising 2.4% and 3.7% respectively.
Tomoichiro Kubota, senior market analyst at Matsui Securities, said investors are betting the artificial intelligence boom will continue to drive spending on semiconductors, boosting Japanese companies involved in the manufacturing process. The climb followed a rally in U.S. stocks on Friday when chipmaker Nvidia's market capitalization surpassed $2 trillion.
👉 Why This Matters:
📍 Nikkei's breakthrough reflects investor optimism and global economic recovery signs, influencing Asian markets.
📍 Nikkei's breakthrough reflects investor optimism and global economic recovery signs, influencing Asian markets.
👉 Expert Statement:
🗨️ "The Nikkei's record high is a testament to the resilience and growth potential of the Japanese market," says market analyst.
🗨️ "The Nikkei's record high is a testament to the resilience and growth potential of the Japanese market," says market analyst.
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