Stocks in Japan Hit Record High, Surpassing 1989 Peak Stocks in Japan rose to a record high on Thursday, surpassing a level last seen 34 years ago when the country was at the peak of its economic ascendancy, before it sank into decades of low growth. The Nikkei 225, a benchmark stock index in Japan, moved 2.1 % higher to 39,098, breaking through its previous high of 38,915.87 reached on Dec. 29, 1989. Stocks in Japan have been on a broadly steady rebound for over a decade, but they have moved sharply higher in the past year. The Nikkei is up 17% since the start of 2024. Thursday’s rally came after bumper earnings from Nvidia, the maker of chips used in artificial intelligence, started a global wave of rising stock prices. The Stoxx Europe 600 index hit a record, and S&P 500 futures were more than 1% higher. Read the full article here: https://lnkd.in/ec3aG--i
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Japan's Nikkei closes lower as tech shares drag; value stocks up Japan's Nikkei share average ended Friday marginally lower, as declines in technology stocks outweighed gains in value stocks, supported by a weaker yen and higher yields. The Nikkei closed down 0.09% at 38,596.47 following three consecutive sessions of gains. However, it recorded a weekly decline of 0.49%.
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Japan's Nikkei rises as tech stocks track US growth shares Japan's Nikkei share average extended its winning streak to four days on Wednesday, buoyed by strong performances in heavyweight technology stocks mirroring overnight gains in U.S. megacap growth stocks. The Nikkei climbed 1.26% to settle at 40,580.76. Meanwhile, the broader Topix index also advanced for the fourth consecutive day, finishing up 0.54% at 2,872.18.
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On Friday morning, Tokyo stocks experienced an uptick as the yen weakened, and positive earnings results propelled major companies' shares, causing the Nikkei index to surpass the 37,000-point mark for the first time in 34 years. #global #tokyo #japan #stockexchange #financeworld #financeworldmagazine
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🟥🟨🟩🟪 ◻️SUPERCHARGED ASIA Question: What drove the 🇯🇵 Nikkei average to a record high after 34 years? The Nikkei Stock Average jumped nearly 900 points at one point on Thursday. Nikkei staff writers February 24, 2024 08:56 Japan's Nikkei Stock Average this week surpassed its all-time high of 38,915, a mark set 34 years ago, powered by semiconductor-related stocks as upbeat earnings results fueled optimism. Why has the blue-chip gauge risen so much, and how has Japan's stock market changed in recent years? Japan's Nikkei Stock Average closes above 1989's all-time high The benchmark index for the Tokyo Stock Exchange set an all-time high on Thursday, closing up 2.19% at 39,098. The Nikkei 225 closed above its previous all-time high of 38,915.87, set on Dec. 29, 1989, during the economic boom of the bubble era. The surge signals a possible end to the country's so-called lost decades. Read more.
On topic: What drove the Nikkei average to a record high after 34 years?
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Tokyo stocks close lower after US falls Tokyo stocks ended lower on Thursday, as the market was influenced by declines in semiconductor shares, mirroring losses on Wall Street. The benchmark Nikkei 225 index dropped 1.30 percent, or 502.74 points, to close at 38,054.13, while the broader Topix index fell 0.56 percent, or 15.42 points, to 2,726.20.
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Japan's Nikkei ends firmer as investors buy shares after sharp drop The Nikkei share average in Japan rebounded on Tuesday, with investors purchasing stocks following significant declines the previous day. Closing at 38,482.11, the Nikkei climbed by 1%. This recovery comes after a 1.8% drop on Monday, which saw the index fall below the crucial 38,000 mark, marking its first dip below this level this month.
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Japan's Nikkei jumps as chip-related shares track US peers higher On Thursday, Japan's Nikkei share average surged over 1%, propelled by gains in Tokyo Electron and other chip-related stocks, mirroring the upward movement of their counterparts in the United States.The Nikkei stood at 38,944.31, marking a rise of 1.18% as of 0203 GMT, briefly touching the 39,000 level earlier in the trading session.
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Stock Market LIVE Updates: Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost On Tuesday, Japan's Nikkei share average surged over 1%, buoyed by increased expectations of U.S. interest rate cuts this year, while technology stocks maintained their allure. The Nikkei climbed 1.57% to reach 38,835.10, marking its highest closing level since April 15. Meanwhile, the broader Topix index concluded the day with a gain of 0.65%, closing at 2,746.22.
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Japan's stock market has suffered its worst losses in history. The Nikkei 225 stock index closed at 31,316.62 points today, dropping by 4,568.02 points or about 12.7%. This marks the largest single-day point drop in the index's history, surpassing the previous record set on October 20, 1987, when it fell by 3,836 points. Additionally, the index has seen a 25% drop since the middle of July.
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Sensex Today | Stock Market LIVE Updates: Japan's Nikkei leaps to 2-week high on tech stocks, yen boost Japan's Nikkei share average hit a more than two-week high on Thursday, as tech stocks followed their Wall Street peers higher and a weakening yen lifted overall sentiment. The Nikkei rallied 1.71% to 36,738.42 by the lunch break, after rising to 36,741.87, a level last seen on Jan. 23, when the index reached a more than three-decade high of 36,984.51.
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