Nikkei Tops 44,000 Yen for First Time

TOKYO, Sep 09 (News On Japan) - The resignation of Prime Minister Ishiba has triggered continued gains in Japanese stocks, with the Nikkei surpassed 44,000 for the first time in history on Tuesday morning before closing at 43,459.

The index climbed from the opening bell, reaching an intraday high for the first time in about three weeks. Momentum continued to build, and the Nikkei crossed into the 44,000 range during trading.

Ishiba’s announcement has eased political stagnation and fueled optimism that the next administration will pursue more proactive economic policies, helping to sustain market momentum.

In the United States, growing expectations for a Federal Reserve interest rate cut have lifted high-tech shares in New York, further boosting sentiment in Japan. Semiconductor-related stocks were among the biggest beneficiaries, drawing strong buy orders on expectations of growth.

However, profit-taking emerged in the afternoon session, and the Nikkei ultimately finished lower than the previous day, closing at 43,459.29.

Source: TBS

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