The Nikkei 225 index in Japan reached a record close of 40,913.65, with an increase of 0.8 per cent. This surge was mainly driven by the purchase of shares in automakers and other export-oriented companies. For instance, Toyota Motor Corp.’s shares rose by 2 per cent, Honda Motor Co. climbed 3 per cent, and Nissan Motor Corp. went up by 4.5 per cent. Additionally, shares in computer testing equipment maker Advantest Corp. gained 2.1 per cent. The Nikkei 225’s all-time high during intraday trading was 41,087.75, which occurred on March 22, while its previous record close was 40,888.43, also set on March 22. Investors have been attracted to the Japanese market due to the low value of the Japanese yen, which is currently trading at 34-year lows against the dollar. Furthermore, changes in regulations on investment accounts have also contributed to increased share purchases. So far this year, the Nikkei 225 index has gained 22.4 per cent. This index experienced a surge in the late 1980s during Japan’s bubble economy, followed by a collapse when the financial bubble burst in early 1990 after hitting its earlier record of 38,915.87. In other parts of Asia, Hong Kong’s Hang Seng index rose by 0.2 per cent to 18,018.72, while the Shanghai Composite index declined by 0.8 per cent to 2,957.57. Taiwan’s Taiex index increased by 1.5 per cent, and in Australia, the S&P/ASX 200 surged by 1.2 per cent to 7,831.80. Meanwhile, the Kospi index in Seoul advanced by 1.1 per cent to 2,824.94, and Bangkok’s SET index jumped by 0.9 per cent.
Japanese Stocks Surge: Nikkei 225 Hits Record High Amid Exporter Gains and Yen Weakness
by ramueeswar42
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