Nikkei 225 Hits Record High, Approaches 42,000
Jul 10, 2024 11:56
Japan's Nikkei 225 share index surged to another record high, closing at 41,831.99, driven by strong tech and export-oriented companies.
Tokyo, Jul 10 (AP) Japan's Nikkei 225 share index closed Wednesday at another record high, gaining 0.6% to end trading at 41,831,99.
That followed a record close on Tuesday, as world markets tracked gains on Wall Street.
The Nikkei 225 index also hit a record intraday high on Wednesday of 41,889.16 as it bounced throughout the day, at times falling back.
The benchmark has advanced nearly 30% in the past year and is up 5% in the past three months.
Investors have been snapping up technology-related shares as enthusiasm builds over the potential of artificial intelligence. Export-oriented companies have also seen strong gains since their profits have soared due to the weakness of the Japanese yen. (AP)
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