The benchmark index for the Tokyo Stock Exchange set an all-time high on Thursday. It has taken more than 34 years for the Nikkei 225 to reach that level.
The Nikkei ended the day at 39,098, up 2.19 percent from the previous day.
Thursday's trading saw it cross the 39,000 mark for the first time ever, reaching 39,156 at one stage.
The surge in Tokyo share prices came after major US chipmaker Nvidia posted better-than expected earnings for the latest quarter.
The Nikkei index's previous record was 38,915, which came on December 29th, 1989. Japan's asset-inflated bubble burst soon after, sparking a 30-year economic slump.
The Nikkei ended the day at 39,098, up 2.19 percent from the previous day.
Thursday's trading saw it cross the 39,000 mark for the first time ever, reaching 39,156 at one stage.
The surge in Tokyo share prices came after major US chipmaker Nvidia posted better-than expected earnings for the latest quarter.
The Nikkei index's previous record was 38,915, which came on December 29th, 1989. Japan's asset-inflated bubble burst soon after, sparking a 30-year economic slump.
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Summary
Tokyo Stock Exchange's benchmark index, Nikkei 225, set a new all-time high on Thursday after 34 years. The index closed at 39,098, marking the first time it crossed the 39,000 mark and reaching 39,156 at one point. This surge followed better-than-expected earnings from major US chipmaker Nvidia.
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ID: 00a3a51a-4ece-4af2-b84c-c066742f5f0f
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240222_29/
Date: Feb. 22, 2024
Created: 2024/02/22 19:00
Updated: 2025/12/08 17:24
Last Read: 2024/02/22 21:45