Yen Hits 23-Month Low and Nikkei 225 Breaks 71,000 for First Time
The currency weakened past a level seen as a trigger for intervention, while semiconductor shares lifted the Nikkei 225 to a record above 71,000.
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10 Articles
Times of India
Japan's Nikkei closes at record high near 70,000 on AI boost
Japan's Nikkei share index hit a new record high for the third day running on Wednesday. The index closed just below the 70,000 mark. Easing Middle East conflict worries and strong buying in AI stocks boosted the market. Investors are also awaiting the US Federal Reserve's policy decision. Oil prices saw a decline as a US-Iran deal emerged.
Nikkei tops 71,000 as Asian markets shrug off US-Iran deal risks
Asian markets were broadly steady on Thursday as investors looked past the formal signing of a US-Iran interim peace agreement and focused instead on what comes next for oil, rates and risk appetite. The deal extends an April ceasefire by 60 days and aims to create room for a final truce, but it has not removed the political risk around enforcement.US President Donald Trump warned that attacks could resume if Tehran fails to meet its commitments…
A tentative agreement between the United States and Iran eased fears of renewed unrest in the Middle East on Thursday, lifting risk appetite in markets, sending oil prices down and helping Japanese stocks reach a new record.
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