Posted 3/4/2024, 2:39:16 AM
Nikkei Soars Past 40,000 in Stock Resurgence Despite Japan's Economic Struggles
- Nikkei 225 stock index passes 40,000 mark for the first time, continuing comeback from decades of stagnation
- Index gained 1% to 40,308.85, with tech shares among the top performers
- Japanese stocks very popular with foreign investors due to cheap yen and corporate reforms
- Nikkei rose over 28% in 2023, beating the S&P 500's returns
- Record highs for Japanese market contrast with recession for broader economy