TOKYO, Oct 27 (News On Japan) - The Nikkei Stock Average surpassed the 50,000-yen mark for the first time ever as trading began on Monday in Tokyo, marking a historic milestone for Japan’s equity market. The breakthrough occurred just three minutes after the opening bell at 9 a.m., with traders at some securities firms preparing to celebrate with a traditional kagami-biraki sake ceremony.
The rally was driven by easing tensions in U.S.–China trade relations and sustained optimism over Prime Minister Takaichi’s policies a week into her administration. Buying focused on AI-related and semiconductor stocks, pushing the Nikkei up more than 1,100 yen at one point in broad-based gains across sectors.
By the end of the morning session, the benchmark index had risen 1,037 yen to close at 50,337 yen.
While the rapid pace of gains has buoyed investor sentiment, attention is now turning to key monetary policy meetings by the central banks of Japan and the United States later this week, which could determine whether the rally continues beyond this historic moment.
Source: TBS















