Nikkei 225 Hits New Record High, Capping 30-Year Recovery Fueled by Tech Rally
• Japan's Nikkei 225 stock index reached a new all-time high, surpassing its previous record set in 1989 during an asset bubble • The index has rallied over 50% in the past 2 years thanks to stronger corporate earnings, a weaker yen boosting exporters, and foreign investor inflows • Semiconductor and tech stocks drove strong gains on Thursday after Nvidia reported blockbuster earnings • Analysts say corporate governance reforms in Japan have improved shareholder returns and helped sustain the bull market • The rally has been supported by billions in net inflows into Japanese equity funds over the past couple years