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This picture taken on April 6, 2019 shows people walking across the  landmark pedestrian crossing in Tokyo's Shibuya district. Charly  Tirballeau, AFP/file

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Kyodo News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/20220922-japan.webp" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner">This picture taken on April 6, 2019 shows people walking across the landmark pedestrian crossing in Tokyo&#x27;s Shibuya district. <em>Charly Tirballeau, AFP/file</em></span></span></span></div><p>TOKYO -- Japan&#x27;s Nikkei index crossed the 40,000 threshold for the first time early Monday on robust technology issues following the advance of their U.S. counterparts late last week.</p><p>The Nikkei benchmark quickly topped the 40,000 line after the market opening. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 237.73 points, or 0.60 percent, from Friday to 40,148.55. The broader Topix index was down 1.55 points, or 0.06 percent, at 2,707.87.</p><p style="box-sizing:border-box;background-repeat:no-repeat;padding:0px;margin:0px 0px 20px;line-height:1.3em;color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">The index reached the milestone after registering all-time closing and intraday highs on Feb. 22 for the first time in 34 years on the back of favorable corporate earnings amid a weak yen, attracting domestic and foreign investment.</p><p style="box-sizing:border-box;background-repeat:no-repeat;padding:0px;margin:0px 0px 20px;line-height:1.3em;color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">On the top-tier Prime Market, gainers were led by precision instrument, mining and electric appliance issues, while marine transportation, and electric power and gas issues were among decliners.</p><p style="box-sizing:border-box;background-repeat:no-repeat;padding:0px;margin:0px 0px 20px;line-height:1.3em;color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">At 9 a.m., the U.S. dollar fetched 150.11-14 yen compared with 150.08-18 yen in New York and 150.49-50 yen in Tokyo at 5 p.m. Friday.</p><p style="box-sizing:border-box;background-repeat:no-repeat;padding:0px;margin:0px 0px 20px;line-height:1.3em;color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">The euro was quoted at $1.0840-0844 and 162.72-81 yen against $1.0835-0845 and 162.64-74 yen in New York and $1.0811-0813 and 162.70-74 yen in Tokyo late Friday afternoon.</p><div style="box-sizing:border-box;background-repeat:no-repeat;padding:0px;margin:0px 0px 20px;line-height:1.3em;color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial"><a href="https://news.abs-cbn.com/business/2024/3/1/pse-opens-new-trading-month-higher-2341">PSE opens new trading month higher</a></div><div><strong>RELATED STORY:</strong></div><div><ivs-player data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-spid="3001339" data-ivs-vid="2975649"></ivs-player></div><script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script>

<p>Japan's Nikkei index crossed the 40,000 threshold for the first time early Monday on robust technology issues following the advance of their U.S. counterparts late last week.</p>

Japan's Nikkei index crossed the 40,000 threshold for the first time early Monday on robust technology issues following the advance of their U.S. counterparts late last week.

Nikkei tops 40,000 for 1st time after upbeat Wall St.

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Nikkei tops 40,000 for 1st time after upbeat Wall St.

Kyodo News

Published Mar 04, 2024 09:57 AM PHT

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