Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • China Slams Trump’s Tariff Threat to BRICS Nations: “We Oppose Coercion Through Tariffs”
    • Senate’s “Most Dangerous” Tax Bill Sparks Outrage as Democrats Unite Against Billionaire Bailout
    • Paramount’s $16 Million Settlement with Trump Over ‘60 Minutes’ Lawsuit
    • Cricmax Connect: Powering the Organic Growth of Cricket in America
    • Political Constraints and Losses in Operation Sindoor – Why the Silence?
    • India’s Operation Sindhu: Rescuing Thousands from Iran-Israel Conflict
    • India Rejects Pakistan’s Court of Arbitration, Upholds Indus Waters Treaty
    • The Golf GTI EDITION 50: Fastest Volkswagen Ever on the Nürburgring
    • About
    • Careers
    • Contact
    • Privacy Policy
    Facebook X (Twitter) Instagram
    Digpu NewsDigpu News
    Tuesday, July 8
    • Home
    • World
    • India
    • Business
    • Tech
    • Sports
    • More
      • Achievers
      • Auto Tech
      • Diplomatic Diary
      • Dil Paziir
      • Education
      • Entertainment
      • Finance
      • Health
      • Opinion
      • Politics
      • Press release
      • Startup
      • Science & Nature
      • Travel
    Digpu NewsDigpu News
    Home » Business » Japan Stock Market Hits 34-Year Highs Amid Global Tech Surge

    Japan Stock Market Hits 34-Year Highs Amid Global Tech Surge

    By News DeskJanuary 23, 2024 Business No Comments2 Mins Read
    Japanese Stock Market Hits 34-Year Highs Amid Global Tech Surge
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Tokyo: Japan’s Nikkei share average reached a 34-year high, propelled by a surge in chip shares, mirroring Wall Street’s ascent to a new record. The index briefly touched 36,877.41, a level unseen since February 1990, and closed 0.7% higher at 36,803.41. Semiconductor stocks, including Lasertec and Screen Holdings, outperformed, while Tokyo Electron and Advantest also registered gains.

    Investors eagerly awaited the Bank of Japan’s monetary policy decision, with expectations of no change to stimulus but keen interest in hints about exiting negative interest rates. The broader Topix index also marked a multi-decade high. The U.S. S&P 500’s consecutive record highs, especially in tech stocks, contributed to the positive sentiment. Analysts noted the influence of a retreat in bond yields and emphasized the need for the BOJ meeting outcome before proactive market moves.

    The previous session saw the Nikkei reaching another 34-year peak, closing 1.62% higher at 36,546.95. The rally was broad-based, with 207 of the index’s 225 components advancing, driven by the U.S. S&P 500’s record-high close. SoftBank Group and chip-testing equipment maker Advantest posted gains. Concerns about market overheating persisted, with technical indicators signalling potential pullback risks. The Nikkei’s 9.2% year-to-date advance surpassed its global counterparts.

    Despite the potential for a pullback, analysts suggested that the uptrend remains intact, and a test of 37,000 is likely in the coming weeks. The market’s focus on U.S. benchmarks, rather than the dollar-yen rate, and the anticipation of a positive outcome from a potentially hawkish BOJ shift contributed to the Nikkei’s resilience. Investors see confidence in Japan avoiding deflation, even with possible changes in the central bank’s policies.

    In summary, Japan’s stock market is riding high on global tech trends, reaching multi-decade highs, with a cautious eye on central bank decisions and potential indicators of market correction.

    Business Japan Japan - India Japan PM japan stock market
    News Desk
    • Website
    • Facebook
    • X (Twitter)
    • Pinterest
    • Instagram
    • Tumblr
    • LinkedIn

    Stay tuned to read latest updates and news from all around the world.

    Keep Reading

    Russia Imposes Indefinite Entry Ban on Toyota Chairman and 12 Other Top Japanese Business Leaders

    Japan to Extend $3.3 Billion in Loans to Ukraine as Part of G7 Support Initiative

    Japan’s Stand Against Fully Autonomous Lethal Weapons: A Call for Global Regulations

    IJBC: Exploring Potential Collaboration Between Indian and Japanese SMEs and Startups

    Indian Stock Market Hits Record Highs: Sensex Surpasses 80,000, Nifty Reaches New Peak

    Biden’s Debate Performance Sparks Market Reactions and Raises Concerns for Democrats

    Add A Comment
    Leave A Reply

    You must be logged in to post a comment.

    Latest

    China Slams Trump’s Tariff Threat to BRICS Nations: “We Oppose Coercion Through Tariffs”

    July 7, 2025

    Senate’s “Most Dangerous” Tax Bill Sparks Outrage as Democrats Unite Against Billionaire Bailout

    July 2, 2025

    Paramount’s $16 Million Settlement with Trump Over ‘60 Minutes’ Lawsuit

    July 2, 2025

    Cricmax Connect: Powering the Organic Growth of Cricket in America

    July 1, 2025

    China Slams Trump’s Tariff Threat to BRICS Nations: “We Oppose Coercion Through Tariffs”

    July 7, 2025

    Senate’s “Most Dangerous” Tax Bill Sparks Outrage as Democrats Unite Against Billionaire Bailout

    July 2, 2025

    Paramount’s $16 Million Settlement with Trump Over ‘60 Minutes’ Lawsuit

    July 2, 2025

    Cricmax Connect: Powering the Organic Growth of Cricket in America

    July 1, 2025
    About
    About

    Digpu News – Free Voice With A Critical Edge: At Digpu.com, we embody the spirit of ‘Free Voice With A Critical Edge.‘ Our mission is to reinvent the very idea of news. Launched in 2018, our independent daily English online news channel has set the standard for true journalism—emphasizing accuracy, reliability, relevance, and impartiality.

    Follow Us!
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    Highlights

    China Slams Trump’s Tariff Threat to BRICS Nations: “We Oppose Coercion Through Tariffs”

    Diplomatic Diary July 7, 2025

    Senate’s “Most Dangerous” Tax Bill Sparks Outrage as Democrats Unite Against Billionaire Bailout

    Paramount’s $16 Million Settlement with Trump Over ‘60 Minutes’ Lawsuit

    Cricmax Connect: Powering the Organic Growth of Cricket in America

    Subscribe to Digpu
    © 2025 Digpu News Network. All rights reserved.
    • Terms of Use
    • Site Map
    • Privacy Policy
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.