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Japan's Nikkei Crosses 60,000 Level for the First Time on Tech Rally
- The Tokyo Stock Exchange's Nikkei closed above 60,000 for the first time on Monday, finishing at 60,537 as optimism over corporate earnings overshadowed Middle East conflict concerns.
- An Axios report that Iran submitted a new proposal to the United States to end their two-month conflict prompted sharp rallies, while the Index breached 60,000 in six months amid an AI boom.
- Factory automation provider Keyence and industrial robot maker Fanuc surged nearly 16% after reporting strong profits on Friday, while SMC rose 7.1% following Reuters reports that activist fund Palliser Capital made a "significant" investment.
- The Nikkei achieved a record closing high for the second consecutive day, with 94 advancers against 130 decliners, and the benchmark has surged 100 percent in less than three years.
- Nomura Securities strategist Maki Sawada warned that "60,000 is a psychological milestone" where profit-taking could occur, as investors focus on a steady stream of earnings reports from major companies this week.
22 Articles
22 Articles
Japan's leading index has cracked the 60,000-point mark for the first time – driven by AI euphory. But that's not the only factor in the rally. First analysts dramatically increase their predictions.
Nikkei 225 sets record closing high above 60,000
The Tokyo Stock Exchange's Nikkei 225 index has closed above the 60,000 mark for the first time ever. Reports that Iran offered a new proposal to the United States toward ending their conflict prompted investors to place buy orders.
On the 27th, the Nikkei average surged for the second consecutive day in the Tokyo stock market, closing above 60,000 for the first time in history. The index closed at 60,537.36 yen, up 821.18 yen (1.4%) from the 25th, entering the 60,000 yen range. While the index briefly exceeded 60,000 yen during trading on the 23rd, this marks the first time it has surpassed the level on a closing basis. Similar to South Korea, capital inflows in Japan are …
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