Japan's stock market continues its momentum, with the Nikkei 225 index soaring past the 58,000-point mark for the first time ever, amid strong buying driven by the victory of female Prime Minister Sanae Takaichi.
The Nikkei 225 index surged beyond 58,000 points for the first time after Prime Minister Sanae Takaichi won a landslide election victory, promoting a new round of economic stimulus policies.
In the morning trading session on 12 February, the Nikkei 225 benchmark index rose 0.14% to 57,739.20 points, having reached an all-time intraday high of 58,004.72 points.
Meanwhile, the Topix index, which reflects the broader Japanese stock market, climbed 0.3% to 3,866.88 points.
Since the start of this year, the Nikkei index has risen 14.5%, reflecting investor confidence in Japan's economic direction under the new government.
Trading data shows 145 stocks in the Nikkei index gained value compared to 79 that declined, indicating broad-based buying across multiple industry sectors.
Analysts believe Japan's stock market is further supported by expectations that Takaichi's government will advance proactive economic stimulus measures, potentially benefiting corporate profits and boosting investor confidence both domestically and internationally.
.source:channelnewsasia
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