Japanese Stock Market Hits Consecutive Record Highs... Surpasses 41,000 Intraday

The Nikkei 225 index, a representative stock index of the Japanese stock market, has been hitting record highs day after day.

On the 22nd, the Nikkei index closed at 40,888.43, up 72.77 points (0.18%) from the previous trading day. It also recorded an all-time high.

On the 22nd, a passerby is looking at the stock market board installed in downtown Tokyo, Japan. [Image source=Yonhap News]

At around 9:04 a.m., it reached 41,087, surpassing the 41,000 mark for the first time.

The Nihon Keizai Shimbun analyzed that this was influenced by the previous day’s trend in the U.S. stock market, where the three major indices hit record highs.

In the New York stock market, the Dow Jones Industrial Average closed at 39,781.37, up 269.24 points (0.68%) from the previous trading day, approaching the 40,000 mark. The large-cap focused S&P 500 index rose 16.91 points (0.32%) to 5,241.53, and the tech-heavy Nasdaq index increased by 32.43 points (0.2%) to 16,401.84, setting new records.

Buying momentum flowed into large-cap stocks, with semiconductor-related stocks such as Tokyo Electron leading the market.

Recently, the results of the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) and the Bank of Japan (BOJ) monetary policy meetings aligned with market expectations, prompting buying moves in bank and real estate stocks.

The weak yen is also driving the rise of the Nikkei index. The yen-dollar exchange rate was 151.45 at around 3:15 p.m. that day. As the yen continued to weaken, major export stocks such as Toyota Motor rose 1.92%, and Nissan Motor increased 3.36%.

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