Posted 2/22/2024, 11:55:33 PM
Nikkei Hits 30-Year High as Investors Return Despite Recession
- Nikkei 225 tops 39,000 for the first time on record, surpassing previous closing high set in 1989
- Boosted by strong earnings from companies like Nvidia amid high demand for AI processors
- Investors returning due to strong earnings despite Japan falling into recession
- Weakness of Japanese yen helps exporters by making products cheaper overseas
- Japan struggled with low growth and deflation since Nikkei's peak before 1990 crash
