Japan's Nikkei 225 Index Hits New Record Highs Amid Investor Optimism
The benchmark index has surged nearly 30% in the past year, driven by technology shares and a weak yen.
- Nikkei 225 closed at 41,831.99, marking another record high.
- The index gained 0.6% on Wednesday and hit an intraday high of 41,889.16.
- Technology-related shares and export-oriented companies have been major contributors to the surge.
- The weak yen has boosted profits for Japanese exporters, attracting both domestic and foreign investors.
- Investors are also hopeful about upcoming U.S. consumer price index data and potential Federal Reserve interest rate cuts.