Nikkei Stock Average Hits Record High

Jiji Press

10:04 JST, March 21, 2024

Tokyo (Jiji Press)—Japanese stocks rose in Tokyo trading Thursday morning following advances in U.S. shares overnight, sending the benchmark Nikkei 225 average to a new all-time high.

Sharp rises in semiconductor-related issues led the Nikkei index higher. Shares of automobiles and other exporters also gained ground amid a weak yen.

The Nikkei index was up at 519.31 points at 40,522.91 at 9:34 a.m. It briefly rose by more than 600 points.