On Thursday, the Nikkei Stock Average experienced a significant surge, rising more than 500 points in the morning, and ultimately reaching an all-time high, surpassing its bubble-era record close. This milestone marks the first time in 34 years that the Nikkei has achieved such a level, attributed to robust corporate earnings and investor-friendly measures. The market's performance has sparked a wave of optimism, with Nomura traders applauding the achievement and top index components like Uniqlo and tech-related firms contributing to the rally. Despite this achievement, there are signals from the derivatives market suggesting a potential stall in the short-term momentum. Nonetheless, the Tokyo stock market's entry into uncharted territory reflects growing investor confidence, driven by record corporate profits and the prospect of Japan overcoming its prolonged period of deflation and embarking on a path to sustainable growth. This historic peak has attracted attention worldwide, with investors eyeing further gains and considering Japan's market as a viable option for sustainable growth.
The Weekly Market Monitor – The 34-year wait is over! This week: - First, #Japan entered a #recession, and a week later, the Nikkei hit an all-time #high after 34 years. Any idea why this is? I do! - I've been writing a lot about #Germany becoming the 'sick man of Europe' again.… https://t.co/6bd9a0JLmu
Japan’s Market Finally Hit New Record. Why It May Not Be Too Late to Get In. https://t.co/DW9VSyNIZI
Investors eye further gains after Nikkei breaks through 1989 high https://t.co/IlrKDg9Ss4
Tokyo stock market reaches uncharted territory, but where to next?: Investor confidence borne from record corporate profits and the prospect of Japan putting its painful period of deflation behind it, helped by companies focusing… https://t.co/sYoUmAhhIn #japannews #japantoday
Even as the Nikkei hits all-time highs, foreign demand for Japanese stocks remains robust https://t.co/KAypoV9tIL
A chapter closes or another one opens halfway around the world? “Japanese stocks reclaimed a historic peak reached more than three decades ago as investors pour money into a country that’s finally escaped deflation and is on a path to sustainable growth.” @business https://t.co/leXzFfwzZ3
Japan Stocks Close at a New Record. Warren Buffett Is Looking Smart. https://t.co/seQTCuDUBT
Japanese equities reclaimed a historic peak reached more than three decades ago https://t.co/cUNSTdvnrU
Nikkei Index in Japan hit an all time high today after 34 years or something. Top index components: Uniqlo + Chip Related Stuff (TEL, Advantest, Shinetsu- they do silicon wafer, TDK), Robotics in Fanu, and super Son shilled Softbank amongst them. https://t.co/w0bqZUDTNY
Nikkei Average Rewrites Record Intraday High (Update 2) https://t.co/hysw5xXqUm
Nomura traders burst into applause as Nikkei hits record high https://t.co/AMKap2Ynlf https://t.co/fmsFWkiWhO
⚠️ AS NIKKEI ECLIPSES 34-YEAR RECORD, DERIVATIVES SIGNAL STALL AHEAD (Reuters) As Japan's Nikkei catapults past its bubble-era peak and investors grow confident of future gains, flows in the derivative market points to a potential interruption in short-term momentum. The… https://t.co/QmVPZ6RvPk
Nikkei Average Rewrites Record Intraday High https://t.co/hysw5xXqUm
Japan's Nikkei hits all-time high on robust corporate earnings, investor-friendly measures https://t.co/sUoJDjtN8G
Japanese stocks briefly surpass the bubble-era record close! 🎌 https://t.co/O8fDh0CvoU
Nikkei Stock Average Rises More than 500 Points Thursday Morning https://t.co/Y7RaVeyr7L