Japan's Nikkei hits record high as chip-related shares jump
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9 Articles
The Japanese stock exchange is also on record. The Nikkei has just exceeded the 66,000 mark. Japan is again on the trend - after decades of stagnation.
On May 27, the Nikkei 225 index in Tokyo rose by more than 1,400 points, breaking through the 66,000 mark for the first time and setting a new intraday high.
Japan's Nikkei hits record high as chip-related shares jump
TOKYO, May 27 : Japan's Nikkei share average rose to a record high on Wednesday, as gains in index heavyweight chip-related equities outweighed losses in financials and other value shares.The Nikkei was up 1.25 per cent at 65,811.78, as of 0147 GMT, after rising as much as 2.2 per cent earlier in the day to h
The Japanese stock market, which has long been regarded as a symbol of stagnation, is once again drawing attention amidst the AI craze. On the 25th, the Nikkei average surpassed the 65,000 mark for the first time in history, setting a new record high. However, analysts suggest that as the rally is concentrated on large-cap stocks related to semiconductors and AI, the concentration of technology stocks within the Japanese market is intensifying.
Global Markets: Japan's Nikkei retreats from record high as AI rally sparks caution
Japan's Nikkei index pulled back from its record high on Wednesday. Investor caution emerged regarding the rapid rise in AI stocks. Tokyo Electron and Advantest saw gains, but SoftBank Group experienced a significant drop. Banks and financials also contributed to the broader Topix index's decline. Many stocks traded on the Tokyo Stock Exchange saw mixed results.
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