"Tokyo's Nikkei 225 Surges to Record High, Signaling Economic Resurgence"

Japan's Nikkei 225 index reached its highest level in nearly 35 years, surpassing its 1989 peak, with major gainers including Mitsubishi UFJ Financial Group and Daiichi Sankyo. The surge in Japanese stocks has been fueled by foreign investment, a cheap yen, and corporate governance reforms, but the country's overall economy continues to struggle with anaemic growth and recently entered a recession, relinquishing its position as the world's third-largest economy to Germany. Meanwhile, other Asian markets, including Hong Kong's Hang Seng and South Korea's Kospi, fell on Monday.