Japan’s Nikkei 225 Stock Index Surpasses Its ATH After Reaching 40,000

Japan’s Nikkei 225 stock index has made another smashing All-time high in its history. Meanwhile, Asian stocks were mostly bullish on Monday before China’s annual political gathering. 

Nikkei 225 share index has made another all-time high record of 40,314.64 although it fell slightly closing at 40,109.23 following an advance last week on Wall Street that pushed  US stocks to new heights. 

The Nikkei 225 surged by 28% last year, beating the S&P 500 in the US stock market. Nikkei also surpassed its all-time high since 1989 last month. 

Over the past year, Japanese stocks have been one of the best buys as most foreign investors take advantage of the weak Yen and the corporate governance reforms that increased shareholder returns. In addition, Japanese shares have witnessed gains in other markets due to strong demands for AI-supported technology and its continued easy credit policies with the Bank of Japan bringing in more profits into the economy for growth. 

CSI closed at 3,540.87, 0.1% higher while investors aimed their attention at China’s “Two Sessions” meetings. “Two Sessions” refers to China’s annual meeting of the legislature, the National People’s Congress, and the Chinese People’s Political Consultative Conference.

China’s Premier Li Qiang is also expected to discuss the details on the economic and policy goals for China including its gross domestic product growth target. 

Along with Japan’s and China’s stocks, most Asian stocks were also higher, India’s Nifty 50 also went up by 0.1% closing at 22,420.05. South Korea’s Kospi is 1.21% higher closing at 2,674.27 while the small-cap Kosdaq is 1.16% higher closing at 872.97.