Japan’s Nikkei surpasses 40,000 points for first time

[ TOKYO: Japan‘s benchmark Nikkei index surpassed the 40,000 mark for the first time on Monday following gains on Wall Street.The Nikkei added 0.84 percent, or 334.87 points, to 40,245.69 shortly after the opening bell, while the broader Topix index rose 0.30 percent or 8.07 points to 2,717.49.The dollar stood at 150.04 yen, compared with … Read more

Japan’s Nikkei hits record high as Nvidia lifts Asian tech

[ TOKYO: Japan’s Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks. Chinese equities recovered from early weakness and looked set to extend a winning run to an eighth straight session amid optimism over Beijing’s stimulus efforts. Long-term U.S. bond yields … Read more

Nikkei pulls back from near record high as tech stocks slide

[ TOKYO: Japan’s Nikkei share average stepped back from near a record high on Monday, weighed down by chip-related shares following losses for U.S. peers on Friday. Nintendo also tumbled following media reports that the successor to its switch game console won’t be released until early 2025, instead of later this year. The benchmark Nikkei … Read more