Japan Nikkei Index Hits New High Again Thanks to US Tailwind... Up 2.03%

The Nikkei 225 index, a representative stock index of the Japanese stock market, has once again reached a new high influenced by the US stock market.

On the 21st, the Nikkei index closed at 40,815.66, up 812.06 points (2.03%) from the previous trading day. This surpassed the previous all-time closing high of 41,109.23 recorded on the 4th.

[Image source=Yonhap News]

During the trading session, the Nikkei index reached an intraday high of 40,823.

The US Federal Reserve (Fed) announced at the Federal Open Market Committee (FOMC) meeting an interest rate hold in line with market expectations and projected three rate cuts, which led to buying momentum in the US stock market. The Dow Jones Industrial Average closed at 39,512.13, up 401.37 points (1.03%) from the previous day, marking an all-time high. The Nihon Keizai Shimbun analyzed that this trend also influenced the Japanese stock market.

The Nihon Keizai Shimbun stated, "Semiconductor-related stocks such as Tokyo Electron led the market," and added, "Due to the weak yen, automobile stocks like Toyota Motor and trading company stocks such as Mitsui & Co. rose."

The yen-dollar exchange rate is hovering around 151 yen.

This content was produced with the assistance of AI translation services.