Posted 3/6/2024, 6:45:00 AM
Nikkei Tops 40,000 for First Time Since 1991 on Semiconductor Rally and Long-Term Reforms
- Nikkei Stock Average topped 40,000 mark for the first time on March 4, buoyed by semiconductor stocks
- Analysts raising forecasts as semiconductor stocks surge and earnings turn up
- Themes driving markets are fundamental and long-term like corporate governance reforms
- Gradual transition to inflation also driving markets
- BlackRock head sees room for more highs due to these long-term themes