Nikkei 225 index closes at record high of 40,913.65

Nikkei 225 index reaches record high close of 40,913.65

Japan’s Nikkei 225 benchmark closed at a record high of 40,913.65 on Thursday, driven by strong performances in technology and export-oriented shares. The index has gained 22.4% this year, bolstered by a weak yen and positive market sentiment.

Nikkei 225 index reaches record high close of 40,913.65

Japan’s Nikkei 225 benchmark surged to a new record high on Thursday, closing at 40,913.65 and surpassing its previous high from March. The index climbed 0.8%, driven by robust buying in technology and export-oriented shares. During intraday trading, it reached an all-time high of 41,087.75 on March 22, with the prior record close at 40,888.43 on the same day.

This rise follows a strong rally on Wall Street, where both the S&P 500 and tech-heavy Nasdaq also set new records.

 

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Investors are flocking to the Japanese market partly due to the yen’s depreciation, which has hit a 34-year low against the dollar. A weaker yen enhances the profitability of exporters when their earnings are converted back to yen.

The Nikkei 225 has increased by 22.4% this year. The index previously saw a significant surge during Japan’s late 1980s bubble economy, which led to a peak of 38,915.87 before the bubble burst in early 1990.

 

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