Tokyo’s Nikkei 225 index tops 68,000 for the 1st time as Wall Street logs more records
Summary
Japan’s Nikkei 225 stock index rose above 68,000 for the first time, driven by strong gains in technology companies linked to artificial intelligence (AI). U.S. stock markets also reached new record highs as investors showed interest in AI-related shares and job market data signaled economic strength.Key Facts
- The Nikkei 225 index reached 68,634.74 points, up 2.9%.
- Tokyo Electron’s shares rose 13.4% and Advantest’s shares gained 5.9%.
- The U.S. S&P 500, Dow Jones Industrial Average, and Nasdaq all hit record high levels.
- The U.S. job market showed more advertised jobs than expected, indicating economic health.
- Hewlett Packard Enterprise’s stock jumped 19.5% after reporting strong profits linked to AI demand.
- Marvell Technology’s stock surged 32.5%, following praise from Nvidia’s CEO.
- Nvidia’s market value exceeded $5 trillion despite a slight drop in its stock price.
- Oil prices rose by more than $1 per barrel during this period.
- Other Asian markets had mixed results: Hong Kong’s Hang Seng dropped 1.7%, Shanghai Composite rose 0.4%, and Australia’s S&P/ASX 200 increased 0.9%.
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