Nikkei Index Sets New Intraday High, Surpasses 63,000 Mark Again
The Nikkei 225 Average, the leading stock index of the Japanese stock market, once again surpassed the 63,000 mark on May 11, setting a new intraday record high.
As of 10:55 a.m. on this day, the Nikkei index was trading at 62,516, down 0.31% from the previous trading day.
Earlier in the session, the index reached 63,385. This means that, following May 7, it once again crossed the 63,000 threshold, setting a new intraday record high in just two trading days.
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According to the Nihon Keizai Shimbun (Nikkei), "Last weekend, the Philadelphia Semiconductor Index (SOX), which is made up of semiconductor-related stocks in the U.S. market, hit an all-time high, and the tech-heavy Nasdaq Composite Index also set a new record. In the Tokyo stock market, buying momentum has been focused on AI semiconductor-related stocks, but declines in shares such as SoftBank Group have limited the index's gains."
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