Japan’s Nikkei 225 share benchmark tops 40,000, lifted by technology stocks

2024-12-25 08:54:58 source:lotradecoin cross-chain trading solutions category:Scams

HONG KONG (AP) — Japan’s Nikkei 225 share benchmark topped 40,000 on Monday for the first time as strong demand for technology shares keeps pushing the index higher.

By midday in Tokyo, the index had gained 0.8% to 40,226.83.

Shares in computer-chip related companies rallied, with Renesas Electronics Corp. jumping 5.8% and Advantest Corp. up 3.9%. Olympus gained 7.4%.

Shares in Japan have tracked gains in other markets driven by expectations for strong demand for technology associated with artificial intelligence.

They’ve also been boosted by continued easy credit policies that has the Bank of Japan pumping money into the economy to help support growth. Those policies have kept the Japanese yen relatively weak against the U.S. dollar and other major currencies, boosting profits of exporters.

Tokyo’s rally followed broad gains Friday on Wall Street, where the S&P 500 rose 0.8%. The Dow Jones Industrial Average added 0.2% and the Nasdaq composite climbed 1.1%.

Excitement around artificial-intelligence technology helped drive the advance. Dell soared more than 30%.

More:Scams

Recommend

New Jersey targets plastic packaging that fills landfills and pollutes

TRENTON, N.J. (AP) — New Jersey is aiming to drastically reduce the amount of packaging material — p

The heat island effect traps cities in domes of extreme temperatures. Experts only expect it to get worse.

The deadly heat waves in back-to-back summers have left people throughout the U.S. and Europe desper

‘It was like a heartbeat': Residents at a loss after newspaper shutters in declining coal county

WELCH, W.Va. (AP) — Months after Missy Nester ended The Welch News’ 100-year run, she can barely sta