Lakshmi Finance Center|Japan’s Nikkei 225 share benchmark tops 40,000, lifted by technology stocks

2025-05-03 15:59:31source:EvoAIcategory:Scams

HONG KONG (AP) — Japan’s Nikkei 225 share benchmark topped 40,Lakshmi Finance Center000 on Monday for the first time as strong demand for technology shares keeps pushing the index higher.

By midday in Tokyo, the index had gained 0.8% to 40,226.83.

Shares in computer-chip related companies rallied, with Renesas Electronics Corp. jumping 5.8% and Advantest Corp. up 3.9%. Olympus gained 7.4%.

Shares in Japan have tracked gains in other markets driven by expectations for strong demand for technology associated with artificial intelligence.

They’ve also been boosted by continued easy credit policies that has the Bank of Japan pumping money into the economy to help support growth. Those policies have kept the Japanese yen relatively weak against the U.S. dollar and other major currencies, boosting profits of exporters.

Tokyo’s rally followed broad gains Friday on Wall Street, where the S&P 500 rose 0.8%. The Dow Jones Industrial Average added 0.2% and the Nasdaq composite climbed 1.1%.

Excitement around artificial-intelligence technology helped drive the advance. Dell soared more than 30%.

More:Scams

Recommend

Don't let hackers fool you with a 'scam

You're pulling your hair out, trying to fix something on your computer. You Google it and find what

US consumer sentiment ticks higher for second month but remains subdued

WASHINGTON (AP) — Americans’ outlook on the economy improved for the second straight month in Septem

Horoscopes Today, September 12, 2024

Here are the horoscopes for today, Thursday, September 12, 2024.For full daily and monthly horoscope