"Nikkei 225 Surges to Near All-Time High on Strong Tech Earnings and Weak Yen"
TL;DR Summary
Japan's Nikkei share average closed at a 34-year high, climbing 2.89% to 37,963.97, with tech-related shares and strong corporate earnings supporting the benchmark stock index. Chip-sector giant Tokyo Electron and SoftBank Group Corp were among the top gainers, while a strong performance on Wall Street and a weakened yen boosted the value of overseas revenue for exporters. However, concerns about the US consumer price index report and Otsuka Holdings' experimental drug failure impacted the market.
- Japan’s Nikkei hits 34-year high CNN
- Nikkei briefly breaches 38,000 for the first time since 1990 as it rallies 3%, nears all-time high CNBC
- Japan's Nikkei cruises to 34-year peak, briefly breaching 38,000 range Yahoo Finance
- Morning Bid: Nikkei keeps roaring while yen teeters Reuters
- Nikkei 225 Gains as Much as 3% on Strong Tech Earnings, Weak Yen Bloomberg
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