Nikkei Index Hits Record Closing High Fueled by Tech and IT Stocks

Deep News02-26 15:23

The Nikkei Index rose 0.3%, closing at a historic high of 58,753.39 points, driven by gains in technology and IT-related shares. Michael Brown of Pepperstone noted in an email that Nvidia's fourth-quarter results exceeded expectations, "providing a slight boost to market sentiment." The senior research strategist added that the performance "might be sufficient to temporarily restore market participants' confidence in the tech/AI theme." Among the leading gainers on Japan's benchmark stock index, Nomura Research Institute climbed 9.5%, NEC Corporation advanced 9.4%, and TIS Inc. rose 7.6%. The U.S. dollar traded at 156.01 yen, compared to 155.65 yen at the close of Wednesday's Tokyo session.

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