Nikkei Hits 40,000 Intraday for the First Time Ever... "Nasdaq Tailwind"
Japan's representative stock index, the Nikkei 225 (Nikkei Index), surpassed the 40,000 mark intraday for the first time ever on Monday, the 4th.
![[Image source=AFP Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2024030409474082282_1709513261.jpg)
At the market opening at 9 a.m. that day, the Nikkei Index rose 0.73% from the previous trading day to 40,201, surpassing the previous record high of 39,910 set on the 1st. It then reached an intraday high of 40,258 around 9:04 a.m. and was trading around 40,200 as of 9:57 a.m. The Nikkei Index has risen about 20% so far this year.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
The Nikkei newspaper explained that the Nasdaq, a leading index of the New York stock market, had earlier reached an all-time high thanks to rallies in the artificial intelligence (AI) and semiconductor sectors, which acted as a tailwind for the Japanese stock market that day. Buying momentum driven by expectations of strong corporate earnings is also continuing.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
