TOKYO, Oct 27 (News On Japan) –
The Nikkei Stock Average closed at 50,512 yen on October twenty seventh, surpassing the 50,000 mark for the primary time in historical past and setting a brand new all-time excessive. The benchmark index rose 1,212 yen from the earlier buying and selling day, pushed by sturdy positive factors throughout sectors.
Market sentiment was buoyed by a record-setting rally on Wall Street on October twenty fourth, the place all three main U.S. indices hit new highs. Optimism additionally unfold forward of the Japan-U.S. summit scheduled for October twenty eighth, as expectations grew that Prime Minister Takaichi and U.S. President Trump would set up a constructive working relationship. The easing of commerce tensions between the United States and China additional supported investor confidence.
At one level throughout buying and selling, the Nikkei briefly reached 50,549 yen, marking an intraday file excessive. Semiconductor-related shares resembling SoftBank Group and Advantest noticed notable positive factors, alongside Fast Retailing and Fujikura, the latter seen as a key participant within the prime minister’s push for nuclear fusion improvement.
Previously: Nikkei Tops 50,000 for First Time
Source: テレ東BIZ