Japan’s Nikkei stock market index passes 40,000 for first time
Al Jazeera
Nikkei 225 gains as much as 1 percent after last month beating 1989 record.
Japan’s benchmark stock market index has smashed the 40,000 mark for the first time, continuing its comeback after decades of stagnation.
The Nikkei 225 gained 1 percent to 40,308.85 during morning trading on Monday, as investors took an upbeat view of Japanese firms following gains on Wall Street.
Tech shares including Tokyo Electron and Advantest were among the biggest gainers.
Japanese stocks have become some of the hottest buys over the past year as foreign investors take advantage of the cheap yen and corporate governance reforms that have boosted shareholder returns.
The Nikkei rose by more than 28 percent in 2023, beating the S&P 500 in a bumper year for the US stock market.
