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Japan's Nikkei Exceeds 50,000-Point Milestone
(MENAFN) Japan's benchmark Nikkei stock index soared above the 50,000-point milestone for the first time on Monday, closing at an all-time high amid easing global trade concerns and optimism over new Prime Minister Sanae Takaichi's policy agenda.
The 225-issue Nikkei Stock Average jumped 1,212.67 points, or 2.46 percent, from Friday’s close, finishing at 50,512.32.
The broader Topix index also marked a record, climbing 55.60 points, or 1.70 percent, to settle at 3,325.05.
Analysts pointed to a combination of factors driving market enthusiasm. "On the stock market, sentiment was lifted by receding fears of escalating world trade tensions," they said. Strong approval ratings for Takaichi's government further reinforced investor confidence in political stability and heightened expectations for bold fiscal measures.
The 225-issue Nikkei Stock Average jumped 1,212.67 points, or 2.46 percent, from Friday’s close, finishing at 50,512.32.
The broader Topix index also marked a record, climbing 55.60 points, or 1.70 percent, to settle at 3,325.05.
Analysts pointed to a combination of factors driving market enthusiasm. "On the stock market, sentiment was lifted by receding fears of escalating world trade tensions," they said. Strong approval ratings for Takaichi's government further reinforced investor confidence in political stability and heightened expectations for bold fiscal measures.
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