Japanese stocks continue to soar to new peaks after last month shattering the life-time high set during the halcyon days of the bubble economy over three decades ago, spurred by corporate governance reform and cheap valuations.
Japan’s main stock benchmark breached the 40,000-point level for the first time on Monday as technology shares jumped.
On Monday, Japan’s technology shares helped pull the Nikkei above the 40,000-point level, boosted by the ongoing artificial intelligence rally in U.S. stocks, which once again pushed the S&P 500 and Nasdaq to record highs overnight on Friday.
The broader Topix was down 0.02% at 2709.07
The Nikkei share average was last up 0.7% at 40192.48.
Japanese stocks continue to soar to new peaks after last month shattering the life-time high set during the halcyon days of the bubble economy over three decades ago, spurred by corporate governance reform and cheap valuations.
