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The Independent UK
The Independent UK
National
Via AP news wire

Japan's Nikkei 225 share index surges to another record high, approaching 42,000

Copyright 2024 The Associated Press. All rights reserved

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Japan’s Nikkei 225 share index closed Wednesday at another record high, gaining 0.6% to end trading at 41,831,99.

That followed a record close on Tuesday, as world markets tracked gains on Wall Street.

The Nikkei 225 index also hit a record intraday high on Wednesday of 41,889.16 as it bounced throughout the day, at times falling back.

The benchmark has advanced nearly 30% in the past year and is up 5% in the past three months.

Investors have been snapping up technology-related shares as enthusiasm builds over the potential of artificial intelligence. Export-oriented companies have also seen strong gains since their profits have soared due to the weakness of the Japanese yen.

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