"Nikkei 225 Hits Record High Above 40,000 Amid AI Optimism and Event Risk"
TL;DR Summary
Japan's Nikkei 225 index surged above 40,000 points for the first time, driven by strong corporate earnings, a weaker yen, and increased foreign investment interest. The milestone comes amid a broader upbeat trend in Asian markets, with Taiwan's stock market hitting an all-time high and South Korea's Kospi gaining. Meanwhile, Chinese stocks cautiously rose ahead of the upcoming National People's Congress, where Premier Li Qiang is expected to announce China's 2024 growth target and unveil stimulus measures to revive the economy, which faces challenges including stabilizing the property sector and reversing foreign capital outflows.
- Japan’s Nikkei 225 index surpasses 40,000 for the first time CNN
- Morning Bid: Looming event risk can't stop Nikkei topping 40000 Reuters
- Japan's Nikkei closes above 40,000 after Wall Street benchmarks hit record highs; China ‘Two Sessions’ meeting in focus CNBC
- Japan's Nikkei 225 Breaches Key 40000 Level for First Time Bloomberg
- Japan's Nikkei Tops 40000 for First Time, Driven by AI Optimism The Wall Street Journal
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