Nikkei Average Hits Recent All-Time Closing High

Nikkei Average Hits Recent All-Time Closing High

Yomiuri Shimbun file portray
Tokyo Stock Exchange

Jiji Press

15:30 JST, July 9, 2024

Tokyo (Jiji Press)—Japan’s main stock index Nikkei 225 hit a brand recent all-time closing high Tuesday, led by hefty purchases of mammoth-capitalization disorders.

The Nikkei real looking closed at 41,580.17, up 799.47 facets, or 1.96 pct, from the day prior to this, rewriting its closing high for the predominant time since Thursday.

The broader TOPIX index rose 27.94 facets, or 0.97 pct, to 2,895.55.

In Monday’s U.S. stock market, Nvidia soared after analysts raised their sign targets for the semiconductor broad. On the Tokyo Stock Exchange, seeking out of high-technology names, at the side of these related to semiconductors and digital ingredients, pushed up the Nikkei real looking.

The Tokyo market expanded its gains in afternoon trading as mammoth-cap disorders, corresponding to chipmaking equipment maker Tokyo Electron and clothes chain operator Mercurial Retailing, were hunted actively.

“International avid gamers seem like stepping up purchases, looking ahead to stock costs to rise extra,” an real of an asset management firm acknowledged.

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