Japanese Stock Market Exceeds 40,000 Intraday Mark For The First Time In History

The Nikkei 225 average stock price, the representative stock index of the Japanese stock market, Exceeds 40,000 Intraday Mark for the first time during trading on the 4th.

According to the Nippon Keizai Shimbun, the Nikkei index recorded 40,155.44 as of 9:13 am on this day, up 244.62 points (0.61%) from the previous trading day. As soon as it opened, the index soared to the 40,201 level, up 0.73%.

The fact that the Nasdaq index of the U.S. stock market hit an all-time high on the 1st served as a welcome boost. Nvidia, which surged 260% over the past 12 months as an additional rally in the artificial intelligence (AI) and semiconductor industries unfolded in the New York stock market, rose 4.0% based on the closing price on the 1st. Nikkei anticipated that the notable surge in technology stocks, particularly Nvidia, on the 1st would lead to a heightened level of overseas investors’ interest in Japanese stocks.

The Nikkei index has risen steadily this year, breaking both the intraday high (38,957) and the closing price (38,915) recorded on December 29, 1989, during the ‘bubble economy’ on the 22nd of last month. The Nikkei index soared to 39,990 during the day on the 1st, approaching the 40,000 mark by 10 points, and closed at 39,910, recording the highest closing price in three days.

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