Tokyo’s Nikkei Index Hits Another Record High, Boosted by Weaker Yen and Positive Sentiment
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Tokyo’s Nikkei index reached a new record high on March 25, 2024, closing at 40,888.43 points. The broader Topix index also saw an increase of 0.61 percent. The positive sentiment was driven by the risk-on attitude in the market and a weaker yen, which reassured investors in Japan. Wall Street stocks also hit fresh highs, with all three major indices climbing to new records. The Dow Jones Industrial Average moved closer to the 40,000-point mark. In Japan, government data revealed that the core consumer price index stood at 2.8 percent in February. Some notable companies that performed well include Uniqlo operator Fast Retailing, which advanced 1.17 percent, Toyota, which climbed 1.92 percent, and Sony Group, which saw a 0.18 percent increase. However, SoftBank Group experienced a 0.17 perc...
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